Supreme Court of India · 2019-11-28
M/S DEEP INDUSTRIES LTD. vs OIL AND NATURAL GAS CORPORATION LTD.
- Citation / case number
- SC 2018/30220
- Court
- Supreme Court of India
- Petitioner
- M/S DEEP INDUSTRIES LTD.
- Respondent
- OIL AND NATURAL GAS CORPORATION LTD.
- Author
- HON'BLE MR. JUSTICE ROHINTON FALI NARIMAN
- Bench
- HON'BLE MR. JUSTICE ROHINTON FALI NARIMAN, HON'BLE MR. JUSTICE ANIRUDDHA BOSE, HON'BLE MR. JUSTICE V. RAMASUBRAMANIAN
Judgment text excerpt
The Supreme Court addressed the jurisdiction of High Courts under Article 227 concerning arbitration matters under the Arbitration and Conciliation Act, 1996. The case involved a dispute between M/s Deep Industries Limited and ONGC regarding the termination of a contract for the supply of equipment, which led to arbitration proceedings. The court emphasized the importance of judicial oversight in arbitration and clarified the scope of High Court intervention in such cases.