CHENNAI METRO RAIL LIMITED ADMINISTRATIVE BUILDING vs M/S TRANSTONNELSTROY AFCONS (JV)

The Supreme Court examined the arbitration proceedings between Chennai Metro Rail Limited and Afcons, focusing on the appointment and substitution of tribunal members, arbitration fees, and the validity of the arbitral award. The Court emphasized the importance of adhering to procedural fairness and the principles of natural justice in arbitration. It upheld the arbitral process and the award, ruling that procedural irregularities did not vitiate the award. The judgment reinforces the enforceability of arbitration agreements and awards under the Arbitration and Conciliation Act, 1996.