M/S Vijay Trading vs Central Warehousing Corporation

The Supreme Court upheld the High Court's dismissal of the appellant's objections under Section 34 of the Arbitration and Conciliation Act, 1996 against the arbitral award dated 18.03.2005. The Court affirmed that the termination of the contract by the respondent-Central Warehousing Corporation was valid due to the appellant's poor performance and failure to transport a container within the stipulated time. The Court held that the forfeiture of the security deposit was justified, establishing that the arbitrator's decision was not in violation of public policy or the principles of natural justice.