Larsen & Toubro Ltd vs Fertilizer & Chemicals Travancore Ltd

The Supreme Court addressed the arbitration dispute arising from a purchase order, emphasizing that the appointment of an arbitrator must adhere to the specific terms outlined in the contract. The Court held that the provision for arbitration as per Article 26 of the Standard Conditions was binding, and the Managing Director could not be deemed an independent arbitrator. The appeal was dismissed, affirming the Kerala High Court's decision that the arbitration request was not maintainable under the Arbitration and Conciliation Act, 1996, specifically referencing Section 11.