Supreme Court · 2006 INSC 238 · Decided 21 April 2006
M/S. Mukund LTD. v. Hindustan Petroleum Corporation LTD.
- Court
- Supreme Court of India
- Citation
- 2006 INSC 238 · [2006] SUPP. 1 S.C.R. 182
- Case number
- CIVIL APPEAL No. 2153/2006
- Decided
- 21 April 2006
- Bench
- S.B. SINHA, P.K. BALASUBRAMANYAN (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- Arbitration Act Section 30
Headnote
Arbitration Act, 1940-Section 30-Arbitra/ award-Post-decree interest of 11% per annum granted by High Court-Challenge to--Held: On facts, C reduced to 7'lS % per annum. The present appeal arises out of an arbitral award passed by a single arbitrator under the Arbitration Act, 1940. In terms of the of Rs. 75,600/- to Respondent and on failing to make the payment within the D stipulated date, pay post-decree interest at the rate of It% per annum. High Court rejected objections of the Appellant to the award except as regards the quantum which it reduced to Rs.71 lakhs with further interest
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