HINDUSTAN PETROLEUM CORPN. LTD. vs M/S. PINKCITY MIDWAY PETROLEUMS

The Supreme Court ruled that under Section 8 and Section 5 of the Arbitration and Conciliation Act, 1996, a party can seek reference to arbitration if a valid arbitration agreement exists. The Court held that the High Court erred in dismissing the appellant's revision petition, as the dispute arose from the Dealership Agreement which contained an arbitration clause. The appeal was allowed, and the matter was referred to arbitration as per the agreement's terms.