Supreme Court of India · 2008-04-23
M/S.KUNJA BEHARI BANERJEE & SONS vs M/S. THE NEW INDIA ASSURANCE CO. LTD.
- Citation / case number
- SC 2001/20107
- Court
- Supreme Court of India
- Petitioner
- M/S.KUNJA BEHARI BANERJEE & SONS
- Respondent
- M/S. THE NEW INDIA ASSURANCE CO. LTD.
- Bench
- H.K. SEMA & MARKANDEY KATJU
Judgment text excerpt
The Supreme Court held that the trial Court and the High Court erred in law by interfering with the arbitrator's award, which was well-reasoned and supported by sufficient documentation. The Court restored the arbitrator's award of Rs.73,350/- in addition to Rs.2,25,808/- along with interest at 18% per annum. The appeals were allowed, overturning the lower courts' decisions.