UNION OF INDIA vs RELIANCE INDUSTRIES LIMITED .

The Supreme Court addressed the arbitration proceedings arising from Production Sharing Contracts (PSCs) between Reliance Industries Limited and the Union of India, emphasizing the applicability of Article 32 and Article 33 of the PSCs. The Court reaffirmed that arbitration must be conducted in accordance with UNCITRAL rules, with the venue in London, and clarified that any amendments to the contract must be in writing. The judgment upheld the maintainability of the Section 34 petition filed by the Union of India against the arbitral award, reinforcing the legal framework governing international arbitration in India.