Walter Bau Ag, Legal Successor, Of The ... vs Municipal Corp. Of Greater Mumbai And ...

The Supreme Court addressed the arbitration clause in a works contract executed between the petitioner and the Municipal Corporation of Greater Mumbai, emphasizing that disputes should be resolved in accordance with the Indian Arbitration and Conciliation Act, 1996. The Court held that the arbitration process must adhere to the specified procedures outlined in the contract, including the appointment of arbitrators and the powers of the Arbitral Tribunal. The ruling reinforces the enforceability of arbitration agreements in public contracts, ensuring that parties follow the agreed-upon dispute resolution mechanisms.