Transaction between the parties at least one of whom is either a foreign national, or habitually resident in, any country other than India; or by a body corporate which is incorporated in any country other than India or by the Government of a foreign country, the arbitration becomes an international commercial arbitration.

The Supreme Court held that “Indeed, an analysis of Section 2(1)(f) would show that whatever be the transaction between the parties, if it happens to be entered into between persons, at least one of whom is either a foreign national, or habitually resident in, any...