Indian Oil Corp.Ltd.& Ors vs M/S Raja Transport(P) Ltd

The Supreme Court addressed the appointment of an arbitrator under Section 11(6) of the Arbitration and Conciliation Act, 1996, affirming that the arbitration clause in the agreement was valid and binding. The Court held that the appointment of a retired Judge as the sole arbitrator was appropriate given the terms of the agreement, which specified that disputes should be resolved through arbitration by an officer of the Corporation. The Court upheld the lower court's decision to refer the matter to arbitration, emphasizing the finality of the arbitrator's award as per the agreement's stipulations.