M/S INDIAN FARMERS FERTILIZER CO OPERATIVE LIMITED vs M/S BHADRA PRODUCTS

The Supreme Court addressed whether an award by an Arbitrator on the issue of limitation qualifies as an interim award under Section 34 of the Arbitration and Conciliation Act, 1996. The Court held that such an award is indeed an interim award and can be challenged under Section 34, thereby overruling the lower courts' decisions which deemed it non-amenable to challenge. The ruling clarifies the nature of interim awards and their appealability under the Act.