COIMBATORE DISTRICT PODU THOZILLAR SAMGAMREPRESENTED BY ITS vs BALA SUBRAMANIA FOUNDRY AND ORS.

The Supreme Court, while adjudicating on the arbitration award under Section 14(1) of the Arbitration Act, held that the award dated 3rd April 1985 should be made a rule of the court, rejecting claims of legal misconduct against the arbitrator. The Court clarified that there would be no interim interest but interest on the judgment would be at 9%. The judgment emphasized the binding nature of arbitration awards and the limited scope for judicial intervention in such matters.