Executing Court Empowered to Grant Statutory Interest Not Mentioned in Award Under Section 36 of Arbitration Act: Allahabad High Court

A major dispute arose between the State of Uttar Pradesh and M/S Satish Chandra Shiv Hare-Brothers, an approved contractor. The contractor had entered into an agreement for constructing a gymnastic hall at the Eklavya Sports Stadium in Agra. Disagreements between the parties led them to arbitration proceedings under the Arbitration and Conciliation Act, 1996. The arbitral tribunal awarded the contractor an amount of Rs. 40,61,264 along with simple interest at…