In Brief
Indian Oil Corporation terminated its dealership agreement with Bapuji Fuels after discovering an excess stock of 5,160 litres of High-Speed Diesel during an inspection on 20 June 2007—beyond permissible limits under the corporation's guidelines. The dealer signed the inspection report acknowledging the findings but later claimed the signature was obtained due to his physical ailment. The Supreme Court held that a signatory must verify document contents before signing and cannot later repudiate the signature. The termination complied with law and internal guidelines. The Court allowed the appeal and upheld the termination order.
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