TEHRI HYDRO DEV. CORPN LTD. vs JAI PRAKASH ASSO. LTD.

The Supreme Court addressed the appeal concerning the Arbitration Act, 1940, specifically regarding the enforcement of an arbitration award. The Court upheld the award of Rs. 10,17,461/- to the respondent-contractor, affirming the interest rates of 6% and 12% as specified in the award. However, it clarified that the claim for Rs. 12.50 lakhs was beyond the scope of arbitration and should be settled through civil proceedings, thereby modifying the High Court's decree accordingly.