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october 2018

Supreme Court of India · 2018-10-11

VEDANTA LIMITED vs SHENZHEN SHANDONG NUCLEAR POWER CONSTRUCTION COMPANY LIMITED

Citation / case number
SC 2018/33031
Court
Supreme Court of India
Petitioner
VEDANTA LIMITED
Respondent
SHENZHEN SHANDONG NUCLEAR POWER CONSTRUCTION COMPANY LIMITED
Author
HON'BLE MS. JUSTICE INDU MALHOTRA
Bench
HON'BLE MS. JUSTICE INDU MALHOTRA HON'BLE MR. JUSTICE ABHAY MANOHAR SAPRE

Judgment text excerpt

The Supreme Court upheld the Delhi High Court's decision regarding the arbitration clause in the EPC Contracts under the Arbitration & Conciliation Act, 1996, specifically referencing Section 37. The Court emphasized that the arbitration agreement must be honored, and disputes arising from the contracts should be resolved through arbitration as stipulated. The judgment reinforced the binding nature of arbitration awards and the necessity for parties to adhere to their contractual obligations even during arbitration proceedings.

VEDANTA LIMITED vs SHENZHEN SHANDONG NUCLEAR POWER CONSTRUCTION COMPANY LIMITED · Niyam