The State Of Kerala Etc. Etc vs M/S. Arya Refrigeration & A/C Co. Etc. ...

The Supreme Court addressed two interlinked appeals concerning arbitration awards under the Arbitration Act, 1940. The Court upheld the direction for the State of Kerala to deposit Rs. 5,75,500 as awarded by the arbitrators, affirming the lower court's decision under Section 115 of the Code of Civil Procedure, 1908. The Court also noted that the claimant was ultimately liable to pay the State Rs. 28,12,554 with interest, establishing the principle that arbitration awards must be respected unless there are valid grounds for setting them aside.