M/S MUKAND LTD. vs HINDUSTAN PETROLEUM CORPORATION LTD.

The Supreme Court upheld the findings of the arbitrator and the Bombay High Court regarding the existence of a concluded contract and an arbitration clause under the Arbitration Act, 1940. The Court clarified that the arbitrator's decision was based on a proper appreciation of evidence and that the jurisdiction under Section 30 of the Act is limited to specific grounds for interference. The appeal was dismissed, affirming the modified award amounting to Rs.71,31,954.40 with interest, thus reinforcing the validity of arbitration awards when jurisdictional issues are not present.