Ramnath International Construction ... vs Union Of India

The Supreme Court upheld the validity of the arbitration awards concerning the Hangar and Road Contracts, emphasizing that the contractor was entitled to compensation for delays caused by the employer's breaches. The Court clarified that under the Arbitration and Conciliation Act, 1996, the arbitrator's findings on facts are binding unless there is a clear violation of principles of natural justice or public policy. The appeals were allowed, affirming the awards made by the arbitrator, which included claims for escalation of costs and loss of profit due to delays.