Authority: Supreme Court of India
Order Date: 27-10-2026
Case Overview
- Parties: Appellant M/S Bharat Coking Coal Limited; Respondent M/S Annapurna Construction.
- Nature: Civil Appeal (Special Leave Petition) against the High Court of Jharkhand order dated 15-04-2025, which had affirmed the Executing Court’s order dated 20-09-2022 dismissing the writ petition.
- Background: The dispute concerned the computation of interest on the second arbitration award dated 02-09-2005 (covering claim numbers 7 and 11). The award did not specify the date from which interest should accrue. The High Court held the Executing Court was competent to interpret the award and rejected the appellant’s contention that interest should commence from the date of the second award.
- Legal Provision Applied: Section 37(1)(b) of the Arbitration and Conciliation Act, 1996.
Observations & Reasoning
- The Supreme Court noted that the second award, dated 02-09-2005, omitted any reference to the interest commencement date.
- Accordingly, the Court clarified that, for claim numbers 7 and 11, interest must be computed in accordance with Section 37(1)(b) of the Arbitration and Conciliation Act, 1996.
- The Court therefore held that the respondent is entitled to interest from the date of the second award, i.e., 02-09-2005.
Final Outcome
- The orders passed by the High Court and the Executing Court are modified to reflect the above interest computation.
- The appeal is disposed of.
- Any pending interlocutory applications, if any, shall stand disposed of.
Topics: Legal Judgment, Arbitration Interest Computation