M/S Navodaya Mass Entertainment Ltd vs M/S J.M.Combines

The Supreme Court upheld the Madras High Court's judgment affirming the Arbitrator's award under Section 34 of the Arbitration and Conciliation Act, 1996. The Court noted that the appellant defaulted on payments as per the agreement dated July 30, 1998, which stipulated a revenue-sharing model and guaranteed minimum collections. The Court held that the appellant's failure to pay dues precluded them from denying the respondent's lawful claims, thereby affirming the award of Rs.13,94,240/- with interest at 12% per annum.