Contract clause saying disputes 'may be' referred to arbitration is not an arbitration agreement: Supreme Court

The Supreme Court recently ruled that a contract clause which merely states that the disputes 'may be' resolved through arbitration does not amount to an arbitration agreement under Section 7 of the Arbitration and Conciliation Act, 1996 [BGM and M-RPL-JMCT (JV) vs Eastern Coalfields Limited]