HIND BUILDERS ETC. vs UNION OF INDIA AND VICE-VERSA

The Supreme Court held that in arbitration matters, if a clause in the contract is open to two plausible interpretations, arbitrators may choose either without judicial interference, as per the principles established in the Arbitration and Conciliation Act. The Court found no error on the face of the award regarding the itemized claims made by the contractors, affirming the arbitrators' decision to award Rs.57.47,198, including interest. The Court restored the original award amount, emphasizing that the Division Bench had exceeded its jurisdiction by altering the arbitrators' decision.