HOUSING & URBAN DEVELOPMENT CORPN. LTD. vs LEELA HOTELS LTD.

The Supreme Court upheld the concurrent findings of the Single Judge and the Division Bench regarding the confirmation of the Arbitrator's Award, dismissing the appeal. The Court reduced the interest rate from 20% to 18% for the pre-Award period. Additionally, the Court left the determination of whether the amount deposited by the appellant should be treated as principal or for interest adjustment to the Executing Court, as the issue was previously kept open.