Reliance Industries Ltd. & Ors vs U.O.I

The Supreme Court, in this case, addressed a petition under Section 11(6) of the Arbitration and Conciliation Act, 1996, for the appointment of a third arbitrator due to the failure of the two appointed arbitrators to reach a consensus. The Court emphasized the necessity of adhering to the arbitration agreement outlined in Article 33 of the Production Sharing Contract, which mandates the appointment process for arbitrators. The Court ultimately directed the Chief Justice of India to appoint the third arbitrator, thereby facilitating the arbitration process as intended by the parties.