Reliance Industries Limited & Anr vs Union Of India

The Supreme Court upheld the Delhi High Court's decision under Section 34 of the Arbitration and Conciliation Act, 1996, which annulled the Final Partial Award regarding the arbitrability of claims related to Royalties, Cess, Service Tax, and CAG Audit. The Court emphasized that the arbitration agreement must be interpreted in light of the applicable laws of India as stipulated in the Production Sharing Contracts. The ruling confirmed that the claims made by the petitioner were indeed arbitrable, thereby reversing the High Court's order.