NHPC LTD vs M/S JAI PRAKASH ASSOCIATES LTD.

The Supreme Court addressed the appeal concerning the rate of interest awarded by the High Court under the Arbitration and Conciliation Act, 1996. The Court held that the High Court's decision to award interest at the rate of 12% per annum on the awarded sum was justified, affirming the Arbitral Tribunal's award. The appeal was dismissed, upholding the previous orders of the Additional District Judge and the High Court.