South East Asia Marine Engineering And ... vs Oil India Limited

The Supreme Court addressed the validity of an arbitral award set aside by the Gauhati High Court under Section 37 of the Arbitration and Conciliation Act, 1996. The court emphasized the limited scope of judicial intervention in arbitration matters, affirming that the arbitral tribunal's decision should be respected unless there are substantial grounds for interference. Ultimately, the Supreme Court reinstated the arbitral award, underscoring the importance of upholding arbitration agreements and the finality of arbitral decisions.