Psa Sical Terminals Pvt. Ltd. vs The Board Of Trustees Of V.O. ...

The Supreme Court overturned the Madras High Court's decision that had set aside the arbitral award in favor of PSA Sical Terminals Pvt. Ltd. The court held that the High Court erred in its application of Section 37(1)(c) of the Arbitration and Conciliation Act, 1996, emphasizing the limited grounds on which arbitral awards can be challenged. The judgment reinstated the arbitral award, affirming the validity of the arbitration process and the tribunal's findings.