M/S Delta Mechcons (India) Ltd vs M/S Marubeni Corporation

The Supreme Court addressed the arbitration proceedings arising from four sub-contracts related to a thermal power plant construction. It held that the petitioner, having received full and final payment and issued a certificate confirming no pending bills, could not pursue claims against the respondent. The Court emphasized the necessity of adhering to the arbitration agreement, which required disputes to be settled through arbitration after attempts at amicable resolution failed. The Court dismissed the petitioner's claims, reinforcing the binding nature of the arbitration process under the Arbitration and Conciliation Act, 1996, specifically Sections 8 and 9.