Bharat Aluminium Co vs Kaiser Aluminium Technical ...

The Supreme Court clarified that Part I of the Arbitration and Conciliation Act, 1996 is applicable only to arbitrations conducted within India, thereby overruling the precedent set in Bhatia International v. Bulk Trading S.A. The Court held that this new interpretation would apply prospectively, meaning agreements executed before 06.09.2012 would still follow the Bhatia International ruling. The decision emphasizes party autonomy in arbitration agreements regarding the applicable laws governing contracts and arbitration.