KARNATAKA POWER TRANS. COR. LTD vs M/S DEEPAK CABLES (INDIA) LTD

The Supreme Court held that Clause 48 of the contract between Karnataka Power Transmission Corporation Limited and M/s. Deepak Cables (India) Ltd. constitutes an arbitration clause under Section 11(5) and (6) of the Arbitration and Conciliation Act, 1996. The Court affirmed the High Court's decision to appoint an arbitrator, rejecting the appellants' argument that Clause 48 does not provide for arbitration. The judgment clarified that the interpretation of the contract must be consistent with previous rulings, thereby upholding the appointment of the arbitrator.