HC quashes order of MSME Council for reference of Indian Oil Corporation Ltd.’s matter to arbitration

COMPANY LAW/MSMED ACT : Where petitioner IOL terminated contract awarded to respondent as it entered into sub-contract without prior consent of petitioner in contravention of terms of contract and pursuant to an application filed by sub-contractor Council constituted under MSME Development Act, 2006 referred matter to arbitration, it was held that there was no privity of contract between petitioner and sub-contractor and, therefore, there was no liability of petitioner to make payment to sub-con

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