Supreme Court · 2024 INSC 17 · Decided 4 January 2024
S.V. Samudram v. State of Karnataka & Anr
- Court
- Supreme Court of India
- Citation
- 2024 INSC 17 · [2024] 1 S.C.R. 281
- Case number
- CIVIL APPEAL No. 8067/2019
- Decided
- 4 January 2024
- Bench
- ABHAY S. OKA, SANJAY KAROL (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Arbitration Act Section 34, 37
Headnote
The Civil Judge modified the award passed by the Arbitrator reducing the amount awarded as also interest thereupon, i.e., Rs.14,68,239/- @ 18% to only 25% of the tender amount which equals to Rs.3,71,564/- and the interest percentage thereon was reduced to 9%. Whether the award as carried out by the Civil Judge as confirmed by the High Court, was justified within law. Arbitration and Conciliation Act, 1996 - s. 34 - The award passed by the Arbitrator was modified by the Civil Judge and the Respondents were directed to pay Rs.3,71,564 (25% of
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