Supreme Court of India · 2021-11-13
WELSPUN SPECIALTY SOLUTIONS LIMITED THROUGH ITS AUTHORISED REPRESENTATIVE vs OIL AND NATURAL GAS CORPORATION LTD. THROUGH ITS COMPANY SECRETARY
- Citation / case number
- SC 2010/33969
- Court
- Supreme Court of India
- Petitioner
- WELSPUN SPECIALTY SOLUTIONS LIMITED THROUGH ITS AUTHORISED REPRESENTATIVE
- Respondent
- OIL AND NATURAL GAS CORPORATION LTD. THROUGH ITS COMPANY SECRETARY
- Author
- HON'BLE THE CHIEF JUSTICE
- Bench
- HON'BLE THE CHIEF JUSTICE, HON'BLE MR. JUSTICE SURYA KANT, HON'BLE MS. JUSTICE HIMA KOHLI
Judgment text excerpt
The Supreme Court addressed the validity of an arbitration award favoring the Oil and Natural Gas Corporation (ONGC) which was set aside by the High Court. The Court examined the circumstances under which the arbitration award was challenged and ultimately reinstated the award, affirming that the High Court's decision was incorrect. The judgment emphasizes the sanctity of arbitration awards and the limited grounds on which they can be set aside.