O.N.G.C.Ltd vs Off-Shore Enterprises Inc

The Supreme Court addressed the arbitration proceedings between Oil and Natural Gas Corporation Ltd. (ONGC) and Off-Shore Enterprises Inc. regarding defects in the drillship 'Sagar Prabhat'. The Court held that the issue of defective stability raised by ONGC was beyond the scope of the ongoing arbitration and warranted a separate reference. The Court emphasized the need for arbitration to resolve disputes arising from contractual agreements, particularly under the Arbitration and Conciliation Act, 1996, thereby upholding the arbitration award made against ONGC for non-payment of the balance price.