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ARTICLE · 18 MARCH 2022

Dispute Resolution & Arbitration Monthly Update | March 2022

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Civil Appeal Nos. 837-838 of 2022 [Arising out of Special Leave Petition (Civil) Nos.35970-71 of 2016]...

IndiaReal Estate and Construction
Faranaaz Karbhari
Faranaaz Karbhari
Amrita Narayan
Amrita Narayan
Rahul Jain
Rahul Jain
Mahafrin Mehta
Mahafrin Mehta
Khushboo Rupani
Khushboo Rupani
Ashwin Rakesh
Ashwin Rakesh
Akriti Shikha
Akriti Shikha
Aasiya Khan
Aasiya Khan
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DISPUTE RESOLUTION AND ARBITRATION UPDATE

Indian Oil Corporation Ltd v. M/s Shree Ganesh Petroleum

Civil Appeal Nos. 837-838 of 2022 [Arising out of Special Leave Petition (Civil) Nos.35970-71 of 2016]

Background facts

  • In the present case, M/s Shree Ganesh Petroleum (Respondent) desired to start a petrol pump and had approached Indian Oil Corporation Ltd (Appellant) for a dealership. The Appellant agreed to offer the dealership, subject to the condition that the plot of land owned by the Respondent will be leased to it. Subsequently, two agreements were executed between the parties – a Deed of Lease dated September 20, 2005 (Lease Agreement) for a period of 29 years and a Dealership Agreement dated November 15, 2006, for a period of 15 years.

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