Supreme Court of India · 2024-09-20
Opg Power Generation Private Limited vs Enexio Power Cooling Solutions India ...
- Citation / case number
- 2024 INSC 711
- Court
- Supreme Court of India
- Petitioner
- Opg Power Generation Private Limited
- Respondent
- Enexio Power Cooling Solutions India ...
- Author
- Dhananjaya Y. Chandrachud
- Bench
- Dhananjaya Y. Chandrachud
Judgment text excerpt
The Supreme Court upheld the High Court's decision under Section 37 of the Arbitration and Conciliation Act, 1996, affirming the restoration of an arbitral award dated 13 July 2020. The Court emphasized the binding nature of arbitration clauses in contracts, as per Clause 21 of the purchase orders, and clarified that disputes arising from such contracts must be resolved through arbitration. The judgment reinforced the principle that parties are obligated to adhere to the terms of the arbitration agreement, thereby validating the arbitral process.