M/S Msk Projects (I)(Jv) Ltd vs State Of Rajasthan & Anr

The Supreme Court upheld the validity of the arbitral award under Section 34 of the Arbitration and Conciliation Act, 1996, affirming that the State of Rajasthan's delay in issuing a notification prohibiting vehicle entry into Bharatpur constituted a breach of the concession agreement. The Court ruled that the contractor, MSK-appellant, was entitled to collect toll fees from vehicles using the Bharatpur-Deeg road, and the award of Rs.990.52 lacs with interest was justified. The judgment emphasized the importance of adhering to contractual obligations in public works contracts.