North Delhi Municipal Corporation vs M/S S.A. Builders Ltd

The Supreme Court upheld the High Court's decision regarding the calculation of interest payable to the respondent under the Arbitration and Conciliation Act, 1996, specifically referencing the principles established in M/s. Hyder Consulting (UK) Ltd. Vs. Governor, State of Orissa and State of Haryana Vs. S.L. Arora. The Court clarified that the matter concerning the amount payable had attained finality and directed that the learned Single Judge would determine the quantum after hearing both parties. The appeal was disposed of with instructions for further proceedings on the amount due.