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mere allegation that no-claim certificate has been obtained under financial duress and coercion, without there being anything more to suggest the same, does not lead to an arbitrable dispute.

SC :: in M/s ONGC Mangalore Petrochemicals Ltd. Vs.M/s ANS Constructions Ltd. & Anr. :: A party cannot be permitted to raise arbitration dispute after accepting full and final payment of the contractual amount.  The Court observed that mere allegation that no-claim certificate has been obtained under financial duress and coercion, without there being anything more to suggest the same, does not lead to an arbitrable dispute.

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