Supreme Court · 2001 INSC 582 · Decided 27 November 2001
State of Rajasthan and ANR. v. M/S. Nav Bharat Construction CO.
- Court
- Supreme Court of India
- Citation
- 2001 INSC 582 · [2001] SUPP. 5 S.C.R. 350
- Case number
- CIVIL APPEAL No. 8115/2001
- Decided
- 27 November 2001
- Bench
- M.B. SHAH, B.N. AGRAWAL (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- CPC
Headnote
Arbitration : Arbirration Award-Interest on delayed payment-Claim for-Award passed by arbitrator~Con.finned by High Court-On appeal, held, Arbitrator passed a reasoned av.1ard-Non-consideration of counter clailn and grant o.f interest of delayed payment by Arbitrator justified-Order 2 Rule 2 not o,f Civil P."ocedure, 1908 Order 2 Rule 2. Respondent-contractor claimed interest on delayed payment from the appellants. Arbitrator passed an award and granted interest @ 18 % on the principal amount claimed. District Court awarded interest at the rate of 15% from the date of
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