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1980 (9) TMI 292 - SC - Indian Laws

The Supreme Court set aside the High Court's finding that there was no accord and satisfaction of the contract. The Court directed the matters in dispute to be referred to arbitration with a retired Chief Justice as the arbitrator. The arbitrator will first determine if there was accord and satisfaction, and if not, will proceed to decide the claim on its merits. The parties will share the arbitrator's fees initially, with the arbitrator deciding the final cost allocation. This order is not a precedent for future disputes. No costs were awarded for the appeal.

 

 

 

 

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