National Highways Authority Of India ... vs M/S Gwalior Jhansi Expressway Limited ...

The Supreme Court upheld the High Court's dismissal of the appellant's appeal under Section 37(2)(b) of the Arbitration and Conciliation Act, 1996, which sought to quash the Arbitral Tribunal's order allowing the respondent to exercise the Right of First Refusal (ROFR) and match the lowest bid. The Court emphasized that the Arbitral Tribunal had the authority under Section 17 to grant interim reliefs necessary for the protection of rights during arbitration. The decision reinforced the principle that interim measures can be granted to ensure effective arbitration proceedings.