GARG BUILDERS vs BHARAT HEAVY ELECTRICALS LIMITED

The Supreme Court ruled on the appeal concerning the denial of pendente lite interest on an arbitration award amount. The court examined the contractual clause that barred interest payments and upheld the High Court's decision, affirming that the appellant was not entitled to interest due to the explicit terms of the contract. Consequently, the appeal was dismissed, reinforcing the binding nature of contractual agreements in arbitration matters.