Supreme Court of India · 2019-08-07
M/S NATIONAL HIGHWAYS AND INFRASTRUCTURE DEVELOPMENT CORPORATION LTD vs M/S BSCPL INFRASTRUCTURE LTD
- Citation / case number
- SC 2018/43136
- Court
- Supreme Court of India
- Petitioner
- M/S NATIONAL HIGHWAYS AND INFRASTRUCTURE DEVELOPMENT CORPORATION LTD
- Respondent
- M/S BSCPL INFRASTRUCTURE LTD
- Author
- HON'BLE MR. JUSTICE ROHINTON FALI NARIMAN
- Bench
- HON'BLE MR. JUSTICE SURYA KANT HON'BLE MR. JUSTICE ROHINTON FALI NARIMAN
Judgment text excerpt
The Supreme Court addressed whether an arbitration clause becomes effective upon acceptance of a Letter of Award (LOA) or requires a signed contract. The Court held that the LOA constitutes a binding contract, and the arbitration clause within the draft agreement is enforceable. The judgment referenced Inox Wind Ltd. v. Thermocables Ltd. (2018) 2 SCC 519 and PSA Mumbai Investments PTE. Limited v. Board of Trustees of the Jawaharlal Nehru Port Trust and Another (2018) 10 SCC 525, affirming the applicability of the arbitration clause upon LOA acceptance.