TAMIL NADU WATER SUPPLY & DRAINAGE BOARD vs M/S. SATYANARAYANA BROTHERS PVT. LTD.

The Supreme Court addressed the disputes arising from an arbitration award, initially upheld by the High Court but later set aside. The Court found that the respondent was entitled to Rs.15,84,933.76 as per the final award dated 26th October 2007, despite both parties contesting the findings. The Court emphasized that the earlier decisions did not preclude the claims made by either party, thus reinstating the importance of the arbitration process under the Arbitration and Conciliation Act, 1996. The appeals were ultimately dismissed, affirming the arbitrator's award.