Chamaria Fashions Pvt. Ltd vs Aniket Basant Agrawal on 9 June, 2023
In Parsa Kente Collieries Limited v. Rajasthan Rajya Vidyut
Utpadan Nigam Limited10, adverting to the previous
decisions of this Court in McDermott International Inc. v.
Burn Standard Co. Ltd. And Others11 and Rashtriya Ispat
Nigam Ltd. V. Dewan Chand Ram Saran12, wherein it has
been observed that an Arbitral Tribunal must decide in
accordance with the terms of the contract, but if a term of the
contract has been construed in a reasonable manner, then the
award ought not to be set aside on this ground, it has been
held thus: