Oil & Natural Gas Corporation Ltd vs Saw Pipes Ltd

The Supreme Court examined the scope of judicial intervention under Section 34 of the Arbitration and Conciliation Act, 1996. The primary issue was whether a court can set aside an arbitral award that is patently illegal or in contravention of the substantive law governing the parties or the terms of the contract. The Court held that an award can be set aside if it is found to be patently illegal, expanding the grounds for challenging awards beyond the narrow scope of 'public policy'.