https://www.taxtmi.com/caselaws?id=199386 The arbitration clause was treated as independent of the main contract, so objections that the underlying agreement lacked governmental or RBI approval did not bar the reference. Section 47 of the Foreign Exchange Regulation Act, 1973 was read as not invalidating the agreement in the manner argued, while Section 5 of the Arbitration and Conciliation Act, 1996 limited court intervention and Section 16 allowed the arbitral tribunal to decide its own jurisdiction and any objection to the existence or validity of the arbitration agreement. On that basis, the civil suit to halt the arbitration and the request for interim injunction failed, and the arbitration proceedings were not restrained. en-us Fri, 23 Jul 1999 00:00:00 +0530 Tue, 27 Feb 2018 15:53:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199386 The arbitration clause was treated as independent of the main contract, so objections that the underlying agreement lacked governmental or RBI approval did not bar the reference. Section 47 of the Foreign Exchange Regulation Act, 1973 was read as not invalidating the agreement in the manner argued, while Section 5 of the Arbitration and Conciliation Act, 1996 limited court intervention and Section 16 allowed the arbitral tribunal to decide its own jurisdiction and any objection to the existence or validity of the arbitration agreement. On that basis, the civil suit to halt the arbitration and the request for interim injunction failed, and the arbitration proceedings were not restrained. Case-Laws Indian Laws Fri, 23 Jul 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199386