NATIONAL AGRICULTURAL COOPERATIVE MARKETINGFEDERATlON OF IN vs ALIMENTA S.A.

The Supreme Court held that Section 35 of the Arbitration Act, 1940 does not apply in this case, affirming the High Court's decision to deny a stay on arbitration proceedings. The Court clarified that filing a suit to save limitation does not invalidate the arbitration award. Furthermore, it stated that foreign awards are not automatically lifeless and can be enforced in India as per law. The application for stay was dismissed, upholding the validity of the arbitration process.