COAL LINKER vs COAL INDIA LTD.

The Supreme Court addressed the issue of whether the Calcutta High Court's Division Bench was correct in setting aside the order of the Executing Court that directed payment of interest at the rate of 18% from the date of the award until the date of the decree. The Court held that the decree was valid and executable, emphasizing that the grant of interest from the date of the award is permissible under Section 34 of the Arbitration and Conciliation Act, 1996. The appeal was allowed, reinstating the order for interest as per the original decree.