MUNICIPAL CORPORATION OF DELHI vs INTNL.SECURITY & INTELLIGENCE AGENCY LTD

The Supreme Court held that the arbitration clause in the contract between the International Security and Intelligence Agency Ltd. and the Municipal Corporation of Delhi was binding despite changes in the parties' structures. The Court affirmed the appointment of an arbitrator under Section 8 of the Arbitration Act, 1940, and upheld the non-speaking award given by the arbitrator. The Court dismissed the appellants' objections to the award, confirming that the award should be made a rule of the Court, and allowed the review for future interest on the decretal amount.