SMITA CONDUCTORS LTD vs EURO ALLOYS LTD

The Supreme Court upheld the enforcement of an arbitration award under the Foreign Awards (Recognition & Enforcement) Act, 1961, affirming that the arbitration clause in the contract was binding despite the appellant's non-signature. The Court ruled that the appellant's invocation of the force majeure clause did not negate the validity of the arbitration agreement. The judgment confirmed the award of damages amounting to US$ 676,000, including pre-award interest, and dismissed the appellant's challenge against the arbitration proceedings and the award.