M/S B.L.GUPTA CONSTRUCTION LTD. vs M/S BHARAT CO-OP.GROUP HNG.STY.LTD.

The Supreme Court addressed the arbitration award under the Arbitration Act, 1940, specifically Sections 30 and 33, affirming the validity of the arbitrator's award for Rs. 23,96,031/- along with interest at 10% per annum. The Court held that the modifications made by the High Court regarding interest were not justified, reinstating the original interest rate awarded by the arbitrator. The appeal was allowed, and the respondent was directed to pay the full amount as per the original award, including the specified interest.