National Aluminium Co. Ltd. & Anr vs G.C. Kanungo

The Supreme Court held that the claim made by the respondent-contractor was not barred by limitation under Section 137 of the Limitation Act, 1963, as the correspondence indicated that the matter was still alive, specifically referencing a letter dated 26.8.1992. The Court modified the interest rate awarded from 15% to 12% per annum, finding the latter more appropriate given the circumstances. The appeal was allowed to this extent, affirming the validity of the arbitration award.