Ghulam Mohammad Dar vs State Of J & K & Ors

The Supreme Court clarified the interpretation of interest payable on an arbitration award under the Arbitration Act, holding that the claimant is entitled to interest at 18% per annum from the date of the decree until realization, rather than from the date of the award. The Court upheld the High Court's order dated 30.04.1998, which made the award a rule of the Court and specified the interest terms. The appeal was disposed of accordingly, affirming the High Court's decision.