M/S Sree Kamatchi Amman Constructions vs Divisional Rly.Manager/Works & Ors

The Supreme Court addressed the issue of interest in arbitration awards under the Arbitration and Conciliation Act, 1996, specifically Section 31(7)(a). The Court held that the arbitral tribunal's refusal to award interest for the pre-reference period and pendente lite, based on Clause 16(2) of the General Conditions of Contract, was justified as the contract explicitly barred such awards. The Court granted leave to appeal only concerning the non-award of interest for the specified periods, while upholding the High Court's decision on other claims.