The State Of Madhya Pradesh vs Sew Infrastructure Limited

The Supreme Court upheld the decision of the Madhya Pradesh High Court which affirmed the Arbitral Tribunal's award in favor of the contractor regarding escalation claims in a construction contract. The court emphasized the binding nature of the arbitration agreement and the necessity of adhering to the terms stipulated within the contract. The appeal by the State of Madhya Pradesh was dismissed, reinforcing the contractor's right to claim escalation as per the contract provisions.