Malaysian Airlines Systems Bhd (Ii) vs M/S. Stic Travels (P) Ltd.

The Supreme Court addressed an application under Section 11(5) of the Arbitration and Conciliation Act, 1996, concerning a dispute between a foreign company and an Indian company regarding unpaid dues. The Court held that the agreements between the parties, which were to be performed in India, provided a valid basis for arbitration, and the petitioner was entitled to seek reference to arbitration for the recovery of the claimed amount of Rs.96,21,137/- along with interest. The Court emphasized the enforceability of the power of attorney under Section 42(1) of the Indian Stamp Act, affirming the jurisdiction to adjudicate the matter.