Published on : 11 Dec 2025, 4:03 am 3 min read

The Bombay High Court recently set aside an arbitral award of about ₹173 crore against engineering company Thermax Ltd in its dispute with public sector fertiliser major Rashtriya Chemicals and Fertilizers Ltd (RCF). [Thermax Limited v. Rashtriya Chemicals & Fertilizers Ltd.]

The High Court criticised the sole arbitrator for ignoring crucial contractual provisions and technical evidence in a high‑stakes dispute over gas turbine failures at RCF’s Thal plant.

“Thermax has raised valid grounds of challenge to the award under Section 34 of the Arbitration Act. The failure on the part of the Arbitrator to give reasons for rejecting the submissions of Thermax; the findings of the learned Arbitrator based on no evidence; are all grounds

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