Union Of India & Ors vs M/S Neelam Engineering & Contruction Co

The Supreme Court ruled that under Sections 14(2), 17, and 29 of the Arbitration Act, 1940, the Civil Court correctly made the Arbitrator's Award a Rule of Court, despite the Appellants' objections being filed under Sections 30 and 33 after the limitation period as prescribed by Article 119 of the Limitation Act. The Court held that the objections were premature and rejected them, affirming the Award's validity and the interest rate of 18% per annum from the date of the order until realization. The judgment underscores the importance of adhering to procedural timelines in arbitration matters.