M/S Saisudhir Energy Ltd vs M/S Ntpc Vidyut Vyapar Nigam Ltd

The Supreme Court considered cross appeals arising from a dispute under the Arbitration and Conciliation Act, 1996 concerning liquidated damages claimed by an employer against a solar power developer for delay in commissioning a power plant. The Arbitral Tribunal found a delay and awarded ₹1.2 crores to the employer, but the Delhi High Court increased the award to ₹27.06 crores. The Court examined the scope of interference under Section 37 of the Act and the principles governing the quantification of liquidated damages. Ultimately, the Supreme Court clarified the limits of judicial intervention in arbitral awards and the proper assessment of damages for delay.