M/S INDIAN INSTT. OF PLANNING & MGMT.&AN vs M/S AK & I ADVERTISING PVT.LTD.

The Supreme Court held that the contractual relationship between M/s Indian Institute of Planning & Management and M/s AK & I Advertising Pvt. Ltd. was governed by the Arbitration and Conciliation Act, 1996, specifically under Section 11, which allows for the appointment of an arbitrator in case of disputes. The Court found that the appellants had failed to resolve their differences through arbitration as stipulated in their contract, thus upholding the respondent's right to seek arbitration. The Court directed the appointment of an arbitrator to resolve the outstanding disputes between the parties.