Arbitrator Can Award Interest Anytime After The Award Is Passed Till Actual Payment Is Made: Uttarakhand High Court

In a recent judgment dated 01st May, 2024, the Hon’ble Chief Justice Ms. Ritu Bahri and Hon’ble Sri Justice Rakesh Thapliyal of the High Court of Uttarakhand at Nainital deliberated on an appeal from order No. 176 of 2023 between the State of Uttarakhand as the Appellant and M/s Bharat Bhoomi Builders as the Respondent. The key issue before the Court was whether the interest amount awarded by the Arbitrator…