In Brief
A contract dispute between the Union of India (Railways) and a private contractor (Susaka Pvt. Ltd.) involved claims for various losses. An arbitral tribunal awarded interest on the claims. The Union challenged the award under Section 34 of the Arbitration Act, claiming a contract clause prohibited such interest. The Supreme Court dismissed the appeal, holding that the Union had waived its right by not raising the objection before the arbitrator or in the initial High Court proceedings. The Court affirmed that arbitral tribunals may award interest on claims under the Act, and awards are binding absent a specified ground for interference.
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