SHAILESH DHAIRYAWAN vs MOHAN BALKRISHNA LULLA

The Supreme Court addressed the issue of arbitration under the Arbitration and Conciliation Act, 1996, specifically regarding the appointment of a substitute arbitrator after the resignation of the original arbitrator. The Court held that the parties must adhere to the arbitration agreement and that the appointment of a substitute arbitrator is permissible to ensure the resolution of disputes as per the consent terms agreed upon. The Court emphasized the need for expediency in arbitration proceedings, thereby reinforcing the principles of arbitration law.