Satna Stone & Lime Co. Ltd., M.P. Etc vs Union Of India & Another Etc

The Supreme Court held that the arbitration award in favor of Satna Stone & Lime Co. was improperly upheld by the High Court, as the claim was barred by limitation under Section 20 of the Arbitration Act, 1940. The Court emphasized that the arbitrator's decision must align with established legal principles, and if it contradicts the law, the court is justified in interfering. The appeal was dismissed, affirming the High Court's decision to reject the arbitrator's award based on incorrect legal principles.