U.P.RAJKIYA NIRMAN NIGAM vs INDURE PVT.LTD. .

The Supreme Court ruled on the applicability of Section 33 of the Arbitration Act, 1940, affirming that an arbitration agreement must be valid and binding for disputes to be arbitrable. The Court held that the draft agreement dated June 22, 1984, was not executed by the appellant, and thus, no binding arbitration agreement existed between the parties. Consequently, the appeal was allowed, setting aside the High Court's order that had directed arbitration based on the disputed agreement.