MALAYSIAN AIRLINES SYSTEM BHD vs M/S. STIC TRAVELS (P) LTD.

The Supreme Court, in this case under Section 11(5) of the Arbitration and Conciliation Act, 1996, held that disputes arising from agreements between a foreign company and an Indian company can be referred to arbitration. The Court emphasized that the agreements were to be performed in India, establishing jurisdiction. The petitioner was entitled to seek arbitration for the claimed amount of Rs.96,21,137/- along with interest, as the respondent failed to remit the dues as per the agreements.