AGARWAL ENGINEERING CO. vs TECHNOIMPEX HUNGARIAN MACHINE INDUSTRIES

The Supreme Court held that the arbitration clause in Annexures B1 and B2, which pertained to the sale of specific machinery, was the binding clause, superseding the arbitration clause in Annexure C related to the sales agency. The Court clarified that the principle of the last deed governing the relationship does not apply when the earlier agreements are self-contained and specific to the transaction. The appeal was allowed, affirming that the disputes regarding the machinery sales must be resolved under the arbitration clause in Annexures B1 and B2 as they constituted a complete and independent contract.