Imax Corporation vs M/S E-City Entertainment (I) P.Ltd

The Supreme Court addressed the maintainability of a petition under Section 34 of the Arbitration and Conciliation Act, 1996, in light of an arbitration clause specifying Singapore law and jurisdiction. The Court held that the High Court's order allowing the petition was maintainable despite the appellant's objections regarding the applicability of Part-I of the Arbitration Act. The ruling clarified that the jurisdictional seat of arbitration being in London does not preclude the Indian courts from entertaining the petition under Section 34.