Supreme Court interprets choice of SIAC Rules as exclusion to the applicability of Part I of the Indian Arbitration Act

Yograj Infrastructure Ltd Vs Ssang Yong Engineering & Construction Co. Ltd., (Supreme Court of India)- SC ruled that where the seat of arbitration was Singapore, rules governing the arbitration were of the Singapore International Arbitration Centre (“SIAC“) and the substantive law of contract was Indian law, then Part I of the Arbitration and Conciliation Act, 1996 (the “1996 Act”) was excluded by implication. In Bhatia International (supra), wherein while considering the applicability of Part I of the 1996 Act to arbitral proceedings where the seat of arbitration was in India, t...