PRICOL LIMITED vs JOHNSON CONTROLS ENTERPRISE LTD

The Supreme Court addressed the appointment of an arbitrator under the Joint Venture Agreement (JVA) dated December 26, 2011, emphasizing the arbitration clause's provisions. The Court clarified that the reference to the 'Singapore Chamber of Commerce' in the JVA should be construed as the 'Singapore International Arbitration Centre' (SIAC). The Court held that the arbitration proceedings must proceed under the SIAC rules, affirming the binding nature of the arbitration award as per the JVA and applicable laws.