E. Venkatakrishna vs Indian Oil Corporation And Anr.

The Supreme Court addressed the validity of an arbitration award concerning the termination of a distributorship agreement under the Arbitration and Conciliation Act, 1996. The Court held that the arbitrator's decision to restore the distributorship was justified and that the grounds for termination cited by the respondent were insufficient. The Court emphasized the need for sufficient material to support termination and upheld the arbitrator's award, thereby reversing the Division Bench's decision that had set aside the award.