MANKASTU IMPEX PRIVATE LIMITED vs AIRVISUAL LIMITED

The Supreme Court, in this case, addressed a petition under Section 11(6) of the Arbitration and Conciliation Act, 1996, seeking the appointment of a sole arbitrator due to a dispute arising from a Memorandum of Understanding dated 12.09.2016 between an Indian company and a Hong Kong company. The Court held that the terms of the MoU, which granted exclusive distribution rights to the petitioner, were binding and that the respondent's acquisition by IQAir AG did not absolve them of their contractual obligations. Consequently, the Court appointed an arbitrator to resolve the dispute, affirming the enforceability of arbitration clauses in international agreements.