SASAN POWER LIMITED vs NORTH AMERICAN COAL CORPORATION INDIA PRIVATE LIMITED

The Supreme Court addressed the enforceability of arbitration clauses in international agreements, specifically under Section 7 of the Arbitration and Conciliation Act, 1996. The Court held that the arbitration agreement in AGREEMENT-I, governed by the laws of the United Kingdom, is valid and binding, and disputes must be resolved through arbitration in London as stipulated. The Court emphasized that the assignment of rights under the agreement must comply with the conditions set forth in Article XV Section 15.6, ensuring that any assignment without proper consent is void.