Supreme Court · 2014 INSC 162 · Decided 3 March 2014
Union of India v. M/S. Concrete Products & CONST. CO. ETC.
- Court
- Supreme Court of India
- Citation
- 2014 INSC 162 · [2014] 3 S.C.R. 535
- Case number
- CIVIL APPEAL No. 2950/2014
- Decided
- 3 March 2014
- Bench
- S.S. NIJJAR, F.M. IBRAHIM KALIFULLA (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Arbitration Act Section 37(1)
Headnote
A B Arbitration and Conciliation Act, 1996: s.37(1) - Interest C for the amount withheld by the railway administration - Grant of - Held: Arbitrator passed an award directing the railway administration to refund the amount along with interest and subsequent interest @ 18% PA. interest to the contractors failed to take into ac.count the D provisions contained in Indian Railways Standard Conditions of Contract which disentitled the contractors from claiming any interest or damages for withholding or retention under lien by railway administration - Also, as per
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