M/S. CHEBROLU ENTERPRISES vs A.P.BACKWARD CLASSES CO-OP FIN.CORP.LTD

The Supreme Court upheld the validity of the common judgment of the Andhra Pradesh High Court, which dismissed appeals under Section 37 of the Arbitration and Conciliation Act, 1996. The Court emphasized that the agreements made by the suppliers regarding the pricing of tools for the ADARANA scheme were binding, and the suppliers had undertaken to provide the lowest prices. The Court affirmed that the Respondent-Corporation acted within its rights in enforcing these agreements, leading to the dismissal of the appeals.