The Court held that as per Section 28 of the Arbitration Act, 1996 the Arbitrator is bound to decide as per the terms of the Contract.

REFER : Mahanagar Telephone Nigam Limited v. M/s Haryana Telecom Ltd. [Judgment dated March 14, 2020 in OMP 1113/2012], Delhi High Court 

Section 28 (3) : While deciding and making an award, the arbitral tribunal shall, in all cases, take into account the terms of the contract and trade usages applicable to the transaction.