The dispute was about the payment of demurrage charges by Steel Authority of India Limited to Vizag Seaport Private Limited. The appellant claimed storage charges for excess cargo stacked beyond the limits specified in the Short Term Agreement. The majority arbitral award directed the respondent to pay Rs.19.68 crores with interest, which was later set aside by a Single Judge under Section 34 of the Arbitration and Conciliation Act, 1996. The appellant appealed against this order. The court considered the provisions of the Major Port Trusts Act, 1963, and the powers of the Tariff Authority for Major Ports to fix tariffs, including demurrage and storage charges.