SUTNA STONE & LIME CO.LTD., M.P. vs U.O.I.

The Supreme Court held that the claim of the appellants was barred by limitation as per Section 20 of the Arbitration Act, 1940, since the demand crystallized on 1.5.1975 and the claim was made on 8.8.1978. The Court emphasized that the arbitrator's decision must adhere to the law established by the Supreme Court, and if it deviates, the award can be interfered with. The Court upheld the High Court's decision that the award was based on incorrect legal principles, thus dismissing the appeals.