O.N.G.C.LTD. vs OFF-SHORE ENTERPRISES INC.

The Supreme Court addressed the arbitration proceedings concerning the non-payment of the balance price for a drill-ship, highlighting the relevance of the Arbitration and Conciliation Act, 1996. The Court held that issues regarding the stability and defects of the drill-ship were beyond the scope of the ongoing arbitration and warranted a separate reference. The Court emphasized that the arbitration tribunal had the authority to adjudicate disputes arising from the contract, and the claims made by ONGC regarding defects were valid for separate arbitration consideration.