Anil Bansal vs Ashok Kumar Bansal And Ors.

The Supreme Court held that the appointment of additional arbitrators by the original two arbitrators was valid despite objections, as all partners had acquiesced to the process and participated in the arbitration proceedings. The Court emphasized that the award, which included a family settlement and directions for repayment of loans, was binding as it had been acted upon by the parties. The judgment of the High Court setting aside the award was overturned, reaffirming the validity of the arbitration process under Section 14(2) of the Arbitration Act, 1940.