DURGA CHARAN RAUTRAY vs STATE OF ORISSA

The Supreme Court upheld the arbitral tribunal's award dated 15.9.1998, which granted the appellant claims for price escalation, cost of materials, refund of royalty, and interest under the Arbitration and Conciliation Act, 1996. The Court emphasized that the tribunal's findings were based on the evidence presented, including the revised minimum wages affecting the appellant's claims. The Court confirmed the tribunal's authority to adjudicate the disputes and ruled in favor of the appellant, affirming the awarded amounts and interest.