VOLTAS LTD vs ROLTA INDIA LTD

The Supreme Court addressed the appeals concerning the annulment of two interim awards by the Bombay High Court, which had set aside the decisions of the arbitrator regarding counterclaims in civil construction contracts under the Arbitration and Conciliation Act, 1996. The Court held that the High Court erred in its judgment, emphasizing the importance of arbitration as a dispute resolution mechanism and reaffirming the arbitrator's authority to determine the tenability of counterclaims. The appeals were allowed, restoring the interim awards and upholding the arbitrator's decisions.