Superintending Engineer vs E.R.Sundaram

The Supreme Court granted leave and addressed the execution of an arbitration award dated 19.1.1998, which awarded Rs.2,22,54,301/- to the respondent contractor. The Court upheld the Execution Court's directive for interest at 18% per annum from the date of the award, while the respondent waived interest prior to the award. The Court also noted that an application to set aside the arbitration award is pending before the District Court, which is to be disposed of expeditiously.