FIRM MADANLAL ROSHANLAL MAHAJAN vs HUKUMCHAND MILLS LTD., INDORE

The Supreme Court held that under the Indian Arbitration Act, 1940, an arbitrator has the authority to issue a lump sum award and is not required to provide separate awards for each claim. The Court confirmed that the arbitrator's decision is final and can only be challenged on the grounds of apparent illegality. Additionally, the Court ruled that the arbitrator has the power to award pendente lite interest, as it is an implied term of the reference in the suit, thus upholding the awards made by the arbitrator in this case.