Lex Summary
Arbitration can be invoked even after full and final settlement arrived by the Parties: Supreme Court reaffirmed the position of minimal interference warranted in S.11 petitions/2024.
The Supreme Court in SBI General Insurance Co. Ltd. vs. Krish Spinning (2024) held that arbitration can be invoked even after a full and final settlement if allegations like coercion or economic duress are present. The Court reaffirmed minimal judicial intervention in Section 11 petitions under the Arbitration Act, limiting courts to verifying the existence of an arbitration agreement without delving into merits, in line with the Competence-Competence principle.