Arbitration Award Validity Case
Summary
Hind Construction Contractors vs The State Of Maharashtra (1979): Hind Construction Contractors entered into a road construction contract with the State of Maharashtra. Disputes over payments led to arbitration. The Supreme Court held the arbitration award valid and enforceable, emphasizing the finality of arbitration awards unless patently illegal or against public policy. McDermott International Inc. V. Burn Standard Co. Ltd. (2006): McDermott International Inc. Contracted with Burn Standard Co. Ltd. For equipment supply. Disputes over delays and payments led to claims for compensation. The Supreme Court ruled in favor of McDermott, validating the claims and stressing the importance of adhering to contractual obligations.Full Conversation
Issue:- The primary issue was whether the arbitration award was valid and enforceable under Indian law.
- The Supreme Court of India held that the arbitration award was valid and enforceable.
- The Court stated that arbitration awards are final unless they are patently illegal or in conflict with public policy.
- Emphasized the role of arbitration in resolving contractual disputes efficiently.
McDermott International Inc. v. Burn Standard Co. Ltd. (*)
Facts:- McDermott International Inc. entered into a contract with Burn Standard Co. Ltd. for the supply of equipment.
- Disputes arose regarding delays in delivery and payment issues.
- Both parties sought compensation for delays and additional costs incurred.