MEARS GROUP INC. vs FERNAS INSAAT A.S. (FERNAS CONSTRUCTION COMPANY INC)

The Supreme Court held that under Section 11(5) of the Arbitration and Conciliation Act, 1996, the appointment of an arbitrator is warranted when parties fail to agree on one. The Court emphasized the binding nature of arbitration agreements and the necessity for timely resolution of disputes. The Court directed the appointment of a sole arbitrator to resolve the disputes arising from the contract between the parties, thereby upholding the arbitration clause stipulated in the work order.