B.V. RADHA KRISHNA vs SPONGE IRON INDIA LTD

The Supreme Court held that the High Court erred in reducing the arbitrator's award under Section 20 of the Arbitration Act, which had determined Rs. 5,29,864.55 as payable to the appellant contractor. The Court emphasized that the High Court acted beyond its jurisdiction by treating the arbitration award as a regular appeal, thus undermining the arbitrator's findings. The Court restored the original award amount and interest from the date specified by the arbitrator, reaffirming the sanctity of arbitration awards under the Arbitration Act.