CHATTERJEE PETROCHEM CO. vs HALDIA PETROCHEMICALS LTD.

The Supreme Court addressed the validity of an arbitration agreement under Clause 15 of a restructuring agreement dated 12th January 2002, involving Chatterjee Petrochem (Mauritius) Company and Haldia Petrochemicals Ltd. The Court held that the arbitration clause was enforceable despite claims of it being void or inoperative. The judgment emphasized that disputes arising from the agreement must be resolved through arbitration as per the ICC rules, thereby upholding the arbitration process.