Punjab State Electricity Board vs M/S. Megh Raj Bansal Govt Contractor And ...

The Supreme Court held that the High Court's order setting aside the Sub-Judge's decision to not make the arbitration award rule of the court was flawed due to lack of reasoning and consideration of the grounds for objection. The Court remitted the matter back to the High Court for a reasoned decision, emphasizing the need for expeditious resolution given the award's age. The appeal was disposed of with directions for timely adjudication.