Sirajuddin Kasim & Anr vs M/S Paramount Investment Ltd

The Supreme Court, under Section 11 of the Arbitration and Conciliation Act, 1996, addressed a petition for the appointment of an arbitrator due to the inability of the parties to agree on one. The Court noted the existence of a Shareholders' Agreement and the disputes arising from the respondent's alleged failure to fulfill its obligations regarding farm out transactions for oil and gas blocks. The Court held that the disputes were arbitrable and directed the appointment of an arbitrator to resolve the issues between the parties.