THE STATE OF JHARKHAND vs M/S HINDUSTAN CONSTRUCTION CO. LTD.

The Supreme Court referred the question of whether it can entertain an application for making an arbitral award a Rule of the Court while retaining seisin over the arbitral proceedings to a larger bench. The case arose from disputes referred to arbitration, during which a suit was filed in the High Court seeking an interim injunction. The Court noted that the arbitration proceedings were inconclusive and subsequently referred both the claim and counterclaim to a retired judge for adjudication, emphasizing the need for expeditious resolution of the arbitration process under the Arbitration Act, 1940.