PURE HELIUM INDIA PVT. LTD. vs OIL & NATURAL GAS COMMISSION

The Supreme Court addressed the issue of whether an arbitrator's jurisdiction to interpret a contract can be challenged under Section 30 of the Arbitration Act, 1940. The Court held that such jurisdiction is indeed subject to objection, emphasizing that the arbitrator's interpretation must align with the contractual terms and the governing law. The judgment affirmed the High Court's decision, thereby upholding the arbitration award that mandated the respondent to compensate the appellant for exchange rate fluctuations.