Supreme court in A.R. Antulay vs R.S. Nayak & Anr on 29 April, 1988
has stated which is in line to your query:
The circumstance that a decision is reached per- incuriam, merely serves to denude the decision of its precedent-value. Such a decision would not be binding as a judicial precedent. A co-ordinate bench can discharge with it and decline to follow it. A larger bench can over-rule such decision. When a previous decision is so overruled it does not happen nor has the overruling bench any jurisdiction so to do that the finality of the operative order, inter-parties, in the previous decision is over- turned. In this context the word 'decision' means only the reason for the previous order and not the operative-order in the previous decision, binding inter-parties. Even if a previous decision is over.
Overruling when made by a larger Bench of an earlier decision of a smaller one is intended to take away the precedent value of the decision without affecting the binding effect of the decision in the particular case. [89C] In the instant case, the appellant is, therefore, not entitled to take advantage of the matter being before a larger Bench. In fact, if it is a case of exercise of inherent powers to rectify a mistake it was open even to a five-Judge Bench to do that and it did not require a Bench larger than the Constitution Bench for that purpose. [89D] Per Oza, J. (Supplementing)
In another appeal before supreme court in MP stae Vs. Anshuman Shukla in appeal No. 1145/2009, it was stated thus:
High Court’s power of revision –(1)-
The High Court may suo motu at any time
or on an application made to it within
three months of the award by an aggrieved
party, call for the record of any case in
which an award has been made under this
Act by issuing a requisition to the
Tribunal, and upon receipt of such
requisition the Tribunal shall send or
cause to be sent to that Court the
concerned award and record thereof.
(2) If it appears to the High Court
that the Tribunal –
(a) has exercised a jurisdiction
not vested in it by law; or
(b) has failed to exercise a
jurisdiction so vested; or
(c) has acted in exercise of its
jurisdiction illegally, or
with material irregularity;
or
(d) has misconducted itself or
the proceedings; or
(e) has made an award which is
invalid or has been
improperly procured by any
party to the proceedings,
the High Court may make such order in the
case as it thinks fit.
(3) The High Court shall in deciding
any revision under this section
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exercise the same powers and
follow the same procedure as far
as may be, as it does in deciding
a revision under Section 115 of
the Code of Civil Procedure,
1908(No.5 of 1908).
(4) The High Court shall cause a copy
of its order in revision to be
certified to the Tribunal.
Explanation.-For the purposes of this
section, an award shall include an
“interim” award.”
There are plenty of judgments with regard to revisions, you may browse through the internet for more judgments