NATIONAL TERMAL POWER CORPORATION vs THE SINGER COMPANY

The Supreme Court held that the arbitration agreement between the Indian company and the foreign contractor was governed by Indian law, as stipulated in the contract, and that the award made in London was subject to the Arbitration Act, 1940. The Court clarified that despite the seat of arbitration being in London, the parties had chosen Indian law to govern the substantive issues, thus the award should be treated as a domestic award under the Arbitration Act. The High Court's ruling that it lacked jurisdiction to entertain the application under the Arbitration Act was overturned, affirming the applicability of Indian law to the arbitration proceedings.