Nand Contr.& Engr.Thr.G.D.Ahuja vs Northern Coalfield Ltd. & Anr

The Supreme Court held that the High Court erred in modifying the arbitrator's award regarding interest, reducing it from 15% to 10% per annum, and setting aside claims for water charges and plaster of paris. The Court reaffirmed the arbitrator's authority under the Arbitration and Conciliation Act, 1996, particularly emphasizing that the award should not be interfered with unless there are substantial grounds. The Court restored the original interest rate and the claims awarded by the arbitrator, emphasizing the contractual obligations of the parties involved.