RAMACHANDRA REDDY & CO. vs STATE OF A.P. .

The Supreme Court addressed the appeals concerning the arbitration award related to the Srisailam Project, specifically focusing on claim item No. 1, which involved an increase in the quantity of hard rock excavation. The Court upheld the High Court's decision to set aside the remittance of claim item No. 1 to the arbitrators, emphasizing that the claimants failed to substantiate their claim with adequate evidence as required under the arbitration agreement. The Court also noted that the claimants had previously received payment under Clause 25 of Schedule C of Section 2 of the agreement, which further weakened their position.