Union Of India vs M/S Banwari Lal & Sons (P) Ltd

The Supreme Court upheld the award of damages determined by the arbitrator under the Arbitration Act, 1940, stating that the assessment of damages at varying rates for covered and open areas was justified. The Court clarified that the damages were to be calculated based on the commercial value of the property, and the appellant's objections regarding the assessment rates were dismissed. The Court affirmed the High Court's decision, thereby maintaining the arbitrator's award of Rs.5,81,770/- per month from 10.3.1987.