Supreme Court Dismisses Bharat Udyog's Arbitration Appeal

The Supreme Court dismissed Bharat Udyog Ltd.'s appeal, upholding the High Court's decision to set aside an arbitration award in a contract dispute with Ambernath Municipal Council.
The Court found no valid arbitration agreement existed and that the state government had no power to unilaterally appoint an arbitrator in the octroi collection contract dispute.
The arbitration proceedings were declared a nullity, and the award was set aside, with each party bearing its own costs.