State Of M.P vs M/S M.R.Construction Engers.& ...

The Supreme Court modified the interest rate awarded by the arbitrator from 18% to 9%, holding that the appellant was not liable to pay the higher rate as directed by the High Court. The Court clarified that it was not addressing the question of limitation raised by the appellant's counsel, focusing solely on the interest rate issue. The appeal was disposed of with no order as to costs.