M/S JAGDISH RAI & BROTHERS vs UNION OF INDIA

The Supreme Court addressed a claim for interest on an arbitration award under Section 29 of the Arbitration Act, 1940 and Section 34 CPC. The Court held that the appellant was not entitled to interest for the first three stages due to failure to raise the claim before the Sub-Judge, but emphasized that interest should be granted post-decree unless strong reasons exist to deny it. The Court concluded that the decree should be corrected to include interest, affirming the procedural nature of interest awards under Section 34 CPC.