GHULAM MOHAMMAD DAR vs STATE OF J & K .

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 of the awarded amount. The Court found that the executing Court had incorrectly interpreted the High Court's order regarding interest, which was to be calculated from the date of the decree rather than the date of the award. The appeal was disposed of in favor of the claimant, affirming the High Court's order with a clarification on interest calculation.