SVG MOLASSES CO. B.V. vs MYSORE MERCANTILE CO. LTD. .

The Supreme Court addressed a dispute arising from a contract for the supply of 16,000 metric tonnes of Blackstrap Cane Molasses under the Arbitration and Conciliation Act, 1996. The Court held that the District Court had jurisdiction to permit the petitioner to act in accordance with the agreement despite the objections from Respondent No. 3, who failed to fulfill payment obligations. The Court emphasized the binding nature of the consent order and the recognition of the petitioner's title to the molasses, affirming the lower court's decision to allow the petitioner to sell the goods.