Pam Developments Private Limited vs The State Of West Bengal

The Supreme Court upheld the Calcutta High Court's decision regarding the arbitration award under the Arbitration and Conciliation Act, 1996, specifically Section 34 and Section 37. The Court affirmed the High Court's setting aside of claims related to loss of business and uneconomic utilization of plant and machinery due to lack of jurisdiction and failure to account for delays caused by the appellant. The Court restored the award for claim no. 2 while modifying the interest on claim no. 6, thereby ensuring the integrity of the arbitration process was maintained.