2025 INSC 1457
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REPORTABLE
IN THE SUPREME COURT OF INDIA
CIVIL APPELLATE JURISDICTION
CIVIL APPEAL NO OF 2025
(Arising out of SLP (C) No. 14529 of 2023)
RAMESH KUMAR JAIN ….APPELLANT
VERSUS
BHARAT ALUMINIUM COMPANY
LIMITED (BALCO) ….RESPONDENT
J U D G M E N T
ARAVIND KUMAR, J.
1. Heard. Leave Granted.
2. We have been called upon to examine the correctness of the Judgement and
order dated 03.05.2023 passed by the High Court of Chhattisgarh at Bilaspur
in ARBA No. 05 of 2017 whereby the arbitral award dated 15.07.2012 passed
by the sole Arbitrator awarding a sum of Rs. 3,71,80,584 (Three crores seventy-
one lacs eighty thousand five hundred eighty-four only) along with the statutory
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interest to the appellant, affirmed by the Commercial Court by judgement and
order dated 02.01.2017 in MJC No. 33/16 while exercising jurisdiction under
section 34 Arbitration and Conciliation Act, 1996 (hereinafter “A&C Act”) has
been set aside by the High Court in exercise of its limited appellate jurisdiction
under section 37 of the A&C Act.
3. The facts shorn of unnecessary details are set forth herein under:
3.1. The respondent-Bharat Aluminum Company Limited (in short
“BALCO”) invited a tender for the purpose of mining and transporting
3,70,000 Metric Tons (MTs) of Bauxite from Mainpat mines to
resp...