INDIAN OIL CORPORATION vs INDIAN CARBON LTD.

The Supreme Court dismissed the special leave petition challenging the interim award of the Arbitrator, which denied the petitioner interest and shifting charges. The Court held that while it is a trend in India for arbitrators to provide reasoned awards, the sufficiency of reasons depends on the case's facts, and the Court does not review the merits of the award. The Arbitrator's reasoning was found to be intelligible and supported by evidence, thus meeting the requirements for a reasoned award under the Arbitration Act.