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2011 Supreme(Del) 216

VIPIN SANGHI
CANORO RESOURCES LTD. – Appellant
Versus
UNION OF INDIA – Respondent


Advocates Appeared:
Mr. C.A. Sundaram, Senior Adv. with Ms. Rohini Musa, Mr. Zafar Inayat, Mr. Abhishek Gupta, Mr. Anandh Kanna, Mr. Siddharth Barua & Mr. Sharan Thakur, Advocates.
Mr. Mohan Parasaran, ASG with Mr. Neeraj Chaudhari, Mr. Akshay Chandra, Mr. Zoheb Hossain and Mr. Mohit Auluck, Advocates.

JUDGMENT

VIPIN SANGHI, J.

1. This petition is preferred by the petitioner under Section 9 of the Arbitration and Conciliation Act, 1996 to seek the following reliefs:

(a) An ad interim injunction restraining the respondent from directly or indirectly and in any manner whatsoever acting under its letter of termination dated August 27, 2010 of the Production Sharing Contract (PSC), and taking any other steps detrimental to the interests of the petitioner till the matter is finally disposed off by an arbitral tribunal.

(b) An ad-interim order of injunction restraining the respondent from directly or indirectly and in any manner whatsoever considering the termination of the PSC as being effective on and from August 29, 2010.

(c) An order of status quo ante pending the award of the Arbitral Tribunal. The petitioner had sought the reliefs ex parte as well.

2. The petitioner claims that it is an oil and gas exploration and production company incorporated under the laws of the Province of Alberta, Canada. The respondent is the Union of India, represented by the Joint Secretary, Ministry of Petroleum and Natural Gas.

3. The President of India entered into a Production Sharing Contract (PSC) dat



















































































































































































































































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