Indian Rare Earths Ltd vs Unique Builders Ltd

The Supreme Court upheld the dismissal of the appellant's application under Section 30 read with Section 33 of the Arbitration Act, 1940, challenging the arbitral award of Rs. 19,55,368. The Court reiterated that the scope of judicial review in arbitration matters is limited, emphasizing that the arbitrator's decision must be respected unless there is a clear violation of principles of natural justice or the award is contrary to public policy. The Court affirmed the High Court's ruling, thereby maintaining the validity of the arbitral award.