United India Insurance Co. Ltd vs Bansal Wood Products Pvt. Ltd

The Supreme Court examined whether the High Court and Arbitral Tribunal correctly awarded interest to the respondent-claimant, considering delays attributable to the claimant during arbitration proceedings. The Court found that the lower courts failed to adequately consider the claimant's delays, which spanned several years due to pursuing other legal remedies. The judgment emphasizes the importance of attributing delays properly when awarding interest in arbitration disputes. The Court ultimately remanded the matter for reconsideration of interest entitlement, highlighting procedural fairness.