M/S.Today Homes & Infrastr. Pvt.Ltd vs Ludhiana Improvement Trust & Anr

The Supreme Court addressed the arbitration disputes arising from a Joint-Venture agreement under the Punjab Town Improvement Act, 1922 and the Arbitration and Conciliation Act, 1996. The Court held that the arbitration clause was valid and enforceable, emphasizing the necessity of adhering to the agreed arbitration process as stipulated in Section 11(6) of the Arbitration and Conciliation Act, 1996. The judgment affirmed the High Court's decision to appoint an arbitrator, thereby allowing the arbitration proceedings to continue.