CHAIRMAN & M.D., N.T.P.C. vs M/S. RESHMI CONSTRUCTIONS,BUILDERS&CONT.

The Supreme Court held that an arbitration clause in a contract does not become void merely due to the signing of a 'No Demand Certificate' if such signing was done under coercion or duress. The Court emphasized that the validity of the arbitration clause is independent of the satisfaction of the contract, as per the principles laid down in the Arbitration and Conciliation Act, 1996. The appeal was allowed, and the matter was remanded for arbitration as per the original agreement.