Bombay Slum Redevelopment Corporation ... vs Samir Narain Bhojwani

The Supreme Court addressed the appeal against the High Court's judgment which set aside an arbitral award under Section 34 of the Arbitration and Conciliation Act, 1996. The Court emphasized that the grounds for setting aside an award must be strictly interpreted, and the High Court's findings of 'perversity' and 'patent illegality' were not substantiated. The Court reinstated the arbitral award in favor of the respondent, affirming the principles of minimal judicial intervention in arbitration matters as outlined in Section 34 of the Arbitration Act.