Kinetic Green Energy And Power ... vs Saera Electric Auto Limited

Kinetic Green Energy And Power ... vs Saera Electric Auto Limited on 24 September, 2026 Author: Aravind Kumar Bench: Aravind Kumar 2026 INSC 1057 NON-REPORTABLE IN THE SUPREME COURT OF INDIA CIVIL APPELLATE JURISDICTION CIVIL APPEAL NO.13117 OF 2026 ARISING OUT OF SLP (CIVIL) NO. 31162 OF 2026 KINETIC GREEN ENERGY AND POWER SOLUTIONS LIMITED ... APPELLANT VERSUS SAERA ELECTRIC AUTO LIMITED ... RESPONDENT JUDGMENT 1. Leave granted. 2. The present appeal arises from an order dated 20 th August 2026 passed by the Division Bench of the High Court of Karnataka at Bengaluru in COMAP No.396 of 2026, whereby the High Court, at the first hearing of the appeal, stayed the order dated 6th August 2026 passed by the Commercial Court, Bengaluru in Com. A.A. No. 279 of 2026 under Section 9 of the Arbitration and Conciliation Act, 1996. The controversy between the parties has its origin in three agreements executed on 26th August 2025, namely, the Manufacturing Agreement, Signature Not Verified Digitally signed by NEHA GUPTA the Supply and Distribution Agreement and the Intellectual Property Date: 2026.09.25 17:11:34 IST Reason: 1  Agreement. Under the Manufacturing Agreement, the respondent was to exclusively undertake the manufacture of vehicles for the appellant in accordance with the agreed specifications. The agreement contained, inter alia, provisions concerning exclusivity and non-compete obligations. The agreement stipulated its Effective Date and prescribed a contractual term of twenty years. The parties thereafter proceeded …