INDIAN HUME PIPE CO.LTD. vs STATE OF RAJASTHAN

The Supreme Court addressed the appeal concerning the dismissal of an arbitration award under Section 39 of the Arbitration Act, 1940. The Court held that while arbitrators have the discretion to award interest at various stages, it is not mandatory, and the learned Single Judge's decision to deny pendente lite and future interest was upheld. The Court emphasized that the denial of interest on similar grounds was inconsistent with the arbitrators' prior award, leading to the conclusion that the appellant was entitled to the awarded interest.