MCDERMOTT INTERNATIONAL INC. vs BURN STANDARD CO. LTD. .

The Supreme Court addressed the arbitration agreements within contracts between Burn Standard Company Limited (BSCL) and ONGC, as well as the Technical Collaboration Agreement with Mcdermott International Inc. (MII). The Court held that the arbitration clauses in the contracts are enforceable, emphasizing the importance of arbitration in resolving disputes arising from contractual obligations. The judgment reaffirmed the validity of arbitration agreements under the Arbitration and Conciliation Act, 1996, thereby upholding the parties' intent to resolve disputes through arbitration.