Aggrieved by the same the State of Orissa filed an appeal before the High Court and it is held that the direction for payment of interest given by the arbitrator is legal and companyrect.
This is an appeal pursuant to the special leave granted in appeal filed by the State of Orissa against the judgment of the High Court.
The arbitrator awarded the amount of Rs 63,186 by way of interest though the claim was of Rs 2,74,230.
The Subordinate Judge accepted the award regarding the interest and also made it the rule of the companyrt.
The matter arises out of arbitration proceedings and the dispute is regarding the interest that was awarded.
