M/S.Gurbax Singh vs Punjab Mandi Board

The Supreme Court addressed the arbitration dispute under the Arbitration and Conciliation Act, 1996, emphasizing that the arbitrator's award does not require a reasoned explanation as per the contract clause. The Court held that the respondent was deemed to have received notice of the award and failed to file objections within the stipulated time, thus affirming the enforceability of the award. The Court ruled that the proceedings were valid and the award should be made a rule of the court, confirming the arbitrator's authority and the procedural correctness of the arbitration process.