UNIBROS vs ALL INDIA RADIO

The Supreme Court examined a dispute arising from a delayed construction project awarded to the appellant by the respondent, All India Radio. The arbitral award, which granted loss of profit to the appellant, was challenged under Section 34 of the Arbitration and Conciliation Act, 1996, and set aside by the High Court. The appellate court upheld the High Court's decision, affirming that the arbitral tribunal's award was rightly annulled. The Court's decision underscores the importance of adherence to procedural and substantive standards in arbitration awards.