BUNGO STEEL FURNITURE PVT. LTD. vs UNION OF INDIA

The Supreme Court held that the arbitrator's award for damages due to wrongful termination of a contract was not erroneous on the face of the record, as the arbitrator was not required to provide reasons for the amount awarded. The Court found that the arbitrator's discretion in determining compensation based on the value of steel used for unfinished bins was valid, despite the lack of explicit reasoning. The appeal was allowed, reinstating the arbitrator's award against the Government's challenge under the Arbitration Act.