STATE OF RAJASTHAN vs M/S R.S. SHARMA & CO.

The Supreme Court held that under Sections 14, 17, 30, and 33 of the Arbitration Act, 1940, an award cannot be set aside solely for lack of reasons unless there is an error of law apparent on the face of the award. The Court emphasized that the absence of reasons does not invalidate the award if it can be inferred that the arbitrator made a mistake. The High Court's decision to uphold the award was affirmed, reinforcing the principle that quick resolution of disputes is essential in the interest of justice.