Greater Cochin Development Authority vs Leelamma Valson & Ors

The Supreme Court addressed the issue of interest awarded by arbitrators under the Arbitration Act, 1940, specifically regarding the legality of pendente lite interest. The Court held that the arbitrators' award of interest was valid, but the High Court's decision to set aside the award of pendente lite interest was upheld. The Court clarified that the respondents did not challenge the High Court's conclusion on the arbitrators' authority to award such interest, leading to the dismissal of the appeal regarding the merits of the award.