M/s Ferro Concrete Construction (India) Pvt. Ltd v. The State of Rajasthan
Case at a glance
Provisions considered
Judgment
contractor from claiming interest, and the same will apply to this case as well – In view thereof, the judgment of the High Court is set aside – However, considering that the arbitrator entered reference in 1991 and the award was made in 1995, along with the passage of time in litigation as well as the amounts already paid by the respondent including post-award interest @ 9%, this Court deems it appropriate to grant 9% pendente lite interest, instead of 15% as granted by the arbitral tribunal, from 18.12.1991 till 07.03.1995 (date of the arbitral award). [Paras 14, 15, 16] Arbitration Act, 1940 – Arbitration and Conciliation Act, 1996 – Position of law on the grant of interest – Discussed. Case Law Cited
Questions this judgment answers
Which statutory provisions did this judgment involve?
Arbitration Act, 1940; Arbitration and Conciliation Act, 1996; Constitution of India; Interest Act, 1978 — s. 3.
Which court decided this case, and when?
Supreme Court of India, on 02 Apr 2025. The bench was PAMIDIGHANTAM SRI NARASIMHA, JOYMALYA BAGCHI.
Precedent status how later indexed judgments have treated this case
No known negative treatment found in the Courts & Cases corpus.
This is a result about the indexed corpus, not a finding that the judgment remains good law. Coverage may be incomplete.