Videocon Industries Ltd vs Union Of India & Anr

The Supreme Court ruled that the Delhi High Court had jurisdiction to entertain a petition under Section 9 of the Arbitration and Conciliation Act, 1996, seeking a declaration that Kuala Lumpur is the contractual seat of arbitration as per the Production Sharing Contract (PSC). The Court emphasized that the arbitration agreement's governing law is English law, despite the PSC being governed by Indian law. The Court upheld the validity of the arbitration proceedings and directed that they continue in Kuala Lumpur, affirming the contractual terms agreed upon by the parties.