In Brief
Dyna Technologies challenged an arbitral award by Crompton Greaves concerning compensation for losses from unproductive machinery use. The Supreme Court found the award lacked adequate reasoning, was unintelligible, and merely restated the parties' contentions without independent analysis. Given the award's complexity and the litigation's 25-year duration, the Court set it aside as unsustainable under Section 34 of the Arbitration Act. To provide finality, the Court directed Crompton Greaves to pay Dyna Technologies a settlement sum within 8 weeks, with 12% annual interest on failure to comply.
The lawyer headnote and full judgment text are available to registered users.