H.P. NAGAR VIKASH PRADHIKARAN vs AGGARWAL & CO

The Supreme Court held that the enhancement of 25% awarded by the Arbitrator under the arbitration agreement is applicable to the tendered rates for works executed after the stipulated completion date. The Court found that the appellant had correctly calculated the amount due to the respondent, deducting only the cost of materials supplied without an increase in rates. The High Court's order directing payment of an additional sum was overruled, affirming the appellant's calculations under Section 47 of the CPC.