Municipal Council Thanesar vs Virender Kumar

The Supreme Court upheld the validity of the arbitration award under Section 34 of the Arbitration and Conciliation Act, 1996, affirming that the Municipal Council, Thanesar, must complete the construction of the shopping complex and deliver possession to the successful bidders, with interest on advance rent and non-refundable security. The Court reiterated that an executing court cannot exceed the decree's scope, confirming the award's provisions for interest at 7% per annum and 12% on non-refundable security until possession is delivered. The appeal was dismissed, affirming the lower courts' decisions.