M/S. ASIAN TECHS LTD. vs UNION OF INDIA .

The Supreme Court upheld the arbitration award in favor of Asian Techs Ltd, determining that the Union of India had wrongfully withheld payments due under the contract governed by the IAFW-2249 General Conditions. The Court emphasized the validity of the arbitration clause invoked by the petitioner, as per the Arbitration and Conciliation Act, 1996, and confirmed the Sole Arbitrator's findings of patent mistakes in the fixation of rates for extra items. The Court held that the award for Rs. 39,75,484/- along with interest was justified and enforceable.