Channa Bros. & Co. vs Union Of India (Uoi)

The Supreme Court upheld the arbitrator's award granting the appellant 18% interest on the amount awarded for the period from 25.3.1991 to 30.12.1995, stating that the High Court's modification to reduce the interest was unwarranted. The Court clarified that the respondent is also entitled to 18% interest on the amount awarded to them. The appeal was disposed of with the appellant entitled to a total of Rs. 3,37,731.71 with specified interest rates, affirming the arbitrator's decision and modifying the High Court's order regarding interest.