A.M. MAIR & CO. vs GORDHANDASS SAGARMULL.

The Supreme Court held that the arbitration clause in the 'sold note' was applicable to disputes arising from the contract, even when the respondents contended that the appellants, being brokers, lacked the authority to refer the matter to arbitration. The Court ruled that the dispute was indeed one concerning the contract, thus falling within the arbitration clause under the Indian Arbitration Act, 1940. Consequently, the award made by the arbitrators in favor of the appellants was upheld and could not be set aside on jurisdictional grounds.