Zonal.Gen.Manager,Ircon ... vs M/S Vinay Heavy Equipments

The Supreme Court upheld the dismissal of the Appellant's petitions under Section 34 of the Arbitration and Conciliation Act, 1996, challenging the Arbitrator's award in favor of the Respondent. The Court found that the Appellant's conflicting claims in two separate arbitrations undermined its position, as it simultaneously denied liability to the Respondent while claiming payments from SIPCOT. The Court established that the back-to-back nature of the contracts limited the Appellant's liability to the extent acknowledged by SIPCOT, affirming the Arbitrator's award of Rs.9,25,99,959/- including interest.