National Highway Authority Of India vs Gayatri Jhansi Raodways Limited

The Supreme Court addressed the validity of the fee structure for arbitrators as per the National Highways Authority of India (NHAI) policy circular dated 01.06.2017, which replaced the earlier fee structure established in 2004. The Court held that the new fee structure is applicable to arbitrations initiated after its issuance, thereby affirming the Arbitral Tribunal's decision to regulate fees according to the updated circular. The judgment clarified the enforceability of the revised fee schedule in arbitration proceedings, emphasizing adherence to the latest policy guidelines.