M/S NANDAN BIOMATRIX LIMITED vs D 1 OILS LIMITED

The Supreme Court held that under Section 11(5) and (9) of the Arbitration and Conciliation Act, 1996, disputes between M/s Nandan Biomatrix Limited and D 1 Oils Limited should be referred to the Singapore International Arbitration Centre for resolution. The Court emphasized the binding nature of the arbitration clause in the Supply Agreement dated 10.08.2004, which mandates institutional arbitration for disputes arising from the agreement. The application for appointment of an arbitrator was made absolute with no order as to costs.