ZONAL.GEN.MANAGER,IRCON INTER.NATNL.LTD. vs M/S VINAY HEAVY EQUIPMENTS

The Supreme Court upheld the decision of the Madras High Court dismissing the Appellant's petitions under Section 34 of the Arbitration and Conciliation Act, 1996, challenging the arbitral award in favor of the Respondent. The Court found that the Appellant's conflicting claims in two separate arbitrations undermined its position, leading to the dismissal of its appeals. The Court affirmed the liability of the Appellant to pay the Respondent a total of Rs.9,25,99,959/- as per the arbitral award, including interest.