Supreme Court of India · 2008-03-12
Shristi Infrastructure Development ... vs Sunway Construction Sdn Bhd
- Citation / case number
- 2008(2)AWC1230(SC)
- Court
- Supreme Court of India
- Petitioner
- Shristi Infrastructure Development ...
- Respondent
- Sunway Construction Sdn Bhd
- Author
- Lokeshwar Singh Panta
- Bench
- Lokeshwar Singh Panta
Judgment text excerpt
The Supreme Court addressed an application under Section 11(6) and Section 11(12) of the Arbitration and Conciliation Act, 1996, concerning a dispute between an Indian company and a foreign company regarding a construction contract. The Court held that the Indian company is entitled to seek arbitration for the claimed amount of Rs. 98,72,68,531.00, including interest and arbitration costs, due to the respondent's failure to address the difficulties faced during contract execution. The Court emphasized the enforceability of arbitration agreements in international commercial disputes.