CITI BANK N.A. vs TLC MARKETING PLC

The Supreme Court, in Arbitration Application No. 1 of 2007, held that under Sections 11(5), 11(10), and 11(12) of the Arbitration and Conciliation Act, 1996, the court has the authority to appoint an arbitrator in international commercial arbitration when parties have a valid arbitration agreement. The court found that the tripartite agreement between Citibank, TLC Marketing PLC, and Wunderman India Pvt. Ltd. was valid and enforceable, thus allowing Citibank's application for the appointment of a sole arbitrator to proceed. The outcome was in favor of Citibank, facilitating the arbitration process.