Supreme Court of India
Super Diamond Tools & Ors. v. K. Mohan Rao
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What the Court ordered
For the above reasons, the appeal fails and is accordingly dismissed.
Judgment, page 5
From the headnote
Arbitration and Conciliation Act, 1996: s. 34 – Setting aside of arbitral award – Dispute regarding partnership accounts between the parties referred to arbitration – As a counter claim, the surviving partner of the appellant firm alleged that the respondent had falsified accounts and siphoned huge sums of money – Arbitrator concluded that the respondent was guilty of fraud – Application by the respondent for setting aside of award – Rejected by Single Judge of the High Court – Division Bench of the High Court held arbitrator’s method of proceeding backwards and looking at accounts of 21…
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