IMAX CORPORATION vs M/S E-CITY ENTERTAINMENT (I) P.LTD.

The Supreme Court ruled that a petition under Section 34 of the Arbitration and Conciliation Act, 1996 is maintainable even when the arbitration clause specifies a foreign jurisdiction, as long as the arbitration is conducted in India. The Court held that the High Court's decision to allow the petition was valid, emphasizing that the arbitration clause did not exclude the applicability of Part-I of the Arbitration Act. The appeal by Imax Corporation was dismissed, affirming the maintainability of the arbitration petition.