Oil & Natural Gas Corporation Ltd vs Saw Pipes Ltd on 17 April, 2003
4. Counsel for claimant placed reliance upon Oil and Natural
Page No. 4
Gas Corporation Ltd. v. Saw Pipes Ltd. 2003(2) RAJ 1(SC)
wherein it was observed that "award can be set aside if it is
contrary to (a) fundamental policy of Indian Law (b) the interest of
India (c) justice or morality or (d) in addition, if it is patently
illegal, must go to the root of the matter and if its illegality is of
trivial nature it cannot be held that award is against the public
policy. Award can also be set aside if it is so unfair and
unreasonable that it shocks the conscience of the Court."