ONGC LTD vs GARWARE SHIPPING CORPN LTD.

The Supreme Court upheld the dismissal of the appellant's appeal under Section 34 of the Arbitration and Conciliation Act, 1996, affirming the Arbitrator's award regarding the cost of repairs and maintenance of offshore supply vessels (OSVs). The Court emphasized that the arbitration process was valid and that the recommendations made by the committee regarding the rates for repairs and maintenance were appropriately considered. The judgment clarified the scope of judicial intervention in arbitration matters, reinforcing the principle that courts should respect the arbitral process unless there are substantial grounds for interference.