Ispat Engineering And Foundry Works, ... vs Steel Authority Of India Ltd. B.S. City, ...

The Supreme Court addressed the scope of judicial interference under Section 30 and 33 of the repealed Arbitration Act, 1940, emphasizing that an award can only be set aside for specific reasons such as misconduct of the arbitrator or invalidity of the award. The Court reiterated that re-appraisal of evidence is impermissible in arbitration proceedings, and interference is not warranted unless there is total perversity or a wrong proposition of law. The appeal was dismissed, upholding the validity of the arbitration award.