V/O TRACTOR EXPORT, MOSCOW vs M/S. TARAPORE & COMPANY & ANR.

The Supreme Court interpreted Section 3 of the Foreign Awards (Recognition and Enforcement) Act, 1961, clarifying that 'submission' refers to an actual submission made under an arbitration agreement. The Court held that the Indian courts have jurisdiction to grant an injunction restraining a party from proceeding with arbitration in Moscow, emphasizing that the agreement must be recognized unless proven null and void. The appeal was decided in favor of the Russian firm, allowing them to proceed with arbitration.