State Trading Corporation Of India Ltd. vs M/S Global Steel Holding Limited .

The Supreme Court upheld the dismissal of the Execution Petition filed by the State Trading Corporation (STC) against Global Steel Holding Ltd. (GSHL) and Global Steel Philippines Inc. (GSPI) on the grounds of lack of jurisdiction, as determined by the Delhi High Court. The Court emphasized that the disputes arising from the tripartite agreement and subsequent settlement agreements, including those under Section 73 of the Arbitration and Conciliation Act, 1996, must be resolved through arbitration rather than execution proceedings. The Court affirmed the principle that jurisdictional issues must be addressed before proceeding with execution.