RELIANCE INDUSTRIES LTD. 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 held that when the parties to an arbitration agreement cannot agree on the appointment of an arbitrator, the Chief Justice of India has the authority to appoint one, ensuring the arbitration process continues as per the terms of the agreement. The Court emphasized the importance of adhering to the arbitration agreement's provisions, particularly Article 33 of the Production Sharing Contract.