BELVEDERE RESOURCES DMCC vs OCL IRON AND STEEL LTD. & ORS.

IN THE HIGH COURT OF DELHI AT NEW DELHI + FAO(OS) (COMM) 33/2025 BELVEDERE RESOURCES DMCC .....Appellant Through: Mr. Gauhar Mirza, Ms. Hiral Gupta, Ms. Amita Katragadda, Advs. versus OCL IRON AND STEEL LTD. & ORS. .....Respondents Through: Mr. Krishna Raj Thaker, Sr. Adv. with Mr. Anand Sukumar, Mr. S Sukumaran, Mr. Bhupesh Pathak and Mrs. Ruche Anand, Advs. CORAM: HON'BLE MR. JUSTICE C. HARI SHANKAR HON'BLE MR. JUSTICE AJAY DIGPAUL ORDER (ORAL) % 10.03.2025 C. HARI SHANKAR, J. 1. The appellant Belvedere Resources DMCC and S M Niryat Private Limited, purportedly the predecessor of the respondent, entered into a Standard Coal Trading Agreement1, whereunder the appellant agreed to sell coal to the respondent in bulk. Clause (q) of the SCOTA reads thus: “Governing Law & Arbitration- English law to apply Arbitration as per SIAC and venue to be Singapore” 1 “SCOTA” hereinafter FAO(OS) (COMM) 33/2025 2. It is not in dispute that, apart from Clause (q), there is no clause in the SCOTA identifying any venue or place or seat of arbitration or conferring exclusive jurisdiction, in respect of matters concerning the SCOTA, on any particular court. 3. The SCOTA was terminated in November 2022,