Oil & Natural Gas Corporation Ltd vs Saw Pipes Ltd on 17 April, 2003
23. The aspect which also cannot be lost sight of is that this is the interpretation arrived at by the Dispute Review Board as also by the Arbitral Tribunal. It is trite to say that this Court does not sit as a Court of appeal over the decision of an Arbitral Tribunal even within the expanded scope of scrutiny of an award as per the judgment of the Supreme Court in Oil and Natural Gas Corporation Ltd. v. Saw Pipes Ltd. AIR 2003 SC 2629 where it has been observed that a contract has to be interpreted by the arbitrator, who is a chosen judge by the parties. So long as the view of the arbitrators is a plausible view, though may not be the only possible view, no interference is called for by the Court. Of course, the Court is not without jurisdiction to interfere where the view taken by the arbitrator is so absurd that no reasonable person would have come to the said view.