Supreme Court of India · 2024-07-18
Sbi General Insurance Co. Ltd vs Krish Spinning
- Citation / case number
- 2024 INSC 532
- Court
- Supreme Court of India
- Petitioner
- Sbi General Insurance Co. Ltd
- Respondent
- Krish Spinning
- Author
- Dhananjaya Y. Chandrachud
- Bench
- Dhananjaya Y. Chandrachud
Judgment text excerpt
The Supreme Court addressed the applicability of arbitration agreements post-discharge of the underlying contract, specifically under Section 11(6) of the Arbitration and Conciliation Act, 1996. The Court held that the execution of a discharge voucher does not bar the invocation of arbitration if the arbitration agreement survives the discharge. The judgment clarified the standard of judicial scrutiny applicable when a plea of 'accord and satisfaction' is raised, emphasizing the autonomy of arbitral agreements and the limited scope of judicial interference.