M/S Young Achievers vs Ims Learning Resources Pvt.Ltd

The Supreme Court addressed the issue of whether an arbitration clause survives the termination of a contract, specifically in the context of agreements dated 01.04.2007 and 01.04.2010 being superseded by a new contract dated 01.02.2011. The Court held that an arbitration clause is a collateral term that survives even if the main contract is terminated, thus allowing disputes to be resolved through arbitration. The appeal was allowed, overturning the High Court's decision that denied the reference to arbitration based on the new agreement.