DELHI DEVELOPMENT AUTHORITY vs M/S. R.S. SHARMA & CO., NEW DELHI

The Supreme Court upheld the Delhi High Court's decision to make the Arbitrator's Award a rule of the Court, emphasizing that the Delhi Development Authority (DDA) was liable to pay the additional claims made by M/s R.S. Sharma & Co. under the Agreement dated 18.4.1990. The Court clarified that the DDA's objections regarding the claims for extra lead in procurement of stone aggregates were unfounded, thereby affirming the Award's validity. The Court also confirmed the interest rate of 12% per annum from the date of the decree until payment, as awarded by the High Court.