NATIONAL HIGHWAYS AUTH. OF INDIA vs BUMIHIWAY DDB LTD. (JV) .

The Supreme Court upheld the High Court's decision to substitute the Presiding Arbitrator in an arbitration dispute between the National Highways Authority of India and Bumihiway DDB Limited, as per the arbitration clause in their contract governed by the Arbitration and Conciliation Act, 1996. The Court emphasized that the arbitral tribunal has the authority to review and revise decisions related to disputes, and the appointment of the Presiding Arbitrator must adhere to the stipulated mechanism in the contract. The appeal was dismissed, affirming the High Court's order.