M/S. DELTA MECHCONS (INDIA) LTD. vs M/S. MARUBENI CORPN.

The Supreme Court addressed the arbitration proceedings under the Arbitration and Conciliation Act, specifically Section 9, regarding disputes arising from four sub-contracts for a thermal power plant construction. The Court held that the petitioner had received full and final payment and thus had no subsisting claims, affirming the High Court's decision to allow the parties to present their case before the arbitral tribunal without prejudice. The judgment emphasized the importance of adhering to the arbitration agreement and the necessity of resolving disputes through the designated arbitration process.