ASIA RESORTS LTD. vs M/S. USHA BRECO LTD.

The Supreme Court upheld the decision of the learned Single Judge that the petition filed under Section 20 of the Arbitration Act, 1940 was within the limitation period. The Court found that correspondence between the parties regarding disputes continued until 1993, and a letter from the respondent constituted an acknowledgment under Section 18 of the Limitation Act, thereby extending the limitation period. The Court affirmed that the arbitration clause in the agreement was valid and enforceable, allowing the appellant to seek arbitration despite the respondent's claims of limitation.