Here's a quick rundown: NSSL PVT. LTD. and Indian Oil Corporation had a big disagreement, and it ended up in the Delhi High Court. The court decided on February 18, 2026, to send the case to arbitration. Let's break it down!
NSSL PVT. LTD. filed a request under a specific part of the Arbitration and Conciliation Act, 1996. They wanted a few things:
They also asked for costs and any other help the court could give.
NSSL PVT. LTD.’s lawyer suggested the case be moved to arbitration. Indian Oil Corporation’s lawyer agreed. Justice Harish Vaidyanathan Shankar noted that the contract between the two companies had a part that allowed for arbitration.
"The matter may be referred to arbitration for the purpose of resolution of disputes as between the parties."
The agreement said disputes would be handled by a three-member panel, but both parties agreed on just one arbitrator this time. The arbitration could happen in New Delhi, London, or Singapore, but Indian laws would apply.
The court appointed Mr. Davinder Singh, a Senior Advocate, as the sole arbitrator. The arbitration will happen under the Delhi International Arbitration Centre (DIAC).
The arbitrator will start after making necessary disclosures. Both parties will share the arbitration costs equally. The court made it clear that this order doesn't reflect any opinion on the merits of the case.
The court closed the petition and related applications on February 18, 2026. This means the case is now in the hands of the arbitrator.
