Schlumberger Asia Services Ltd vs Oil & Natural Gas Corp.Ltd

The Supreme Court addressed a petition under Section 11(6) of the Arbitration and Conciliation Act, 1996, seeking the appointment of a nominee Arbitrator and a Presiding Arbitrator for an Arbitral Tribunal. The Court emphasized the necessity of adhering to the arbitration clause in the contract dated 7th December 2004, which mandates the appointment of arbitrators and specifies the procedure for dispute resolution. The Court held that the claims made by the petitioner were not barred by limitation and directed the appointment of the Arbitrators as per the contract terms.