JUDGMENT :

G.S.Sistani, J.

The appellant has filed the present appeal under Section 37 of the Arbitration and Conciliation Act, 1996 (hereinafter referred to as the 'Act') read with Section 10 of the Delhi High Court Act, 1966 against the judgment dated 16.03.2017 passed by the learned Single Judge setting aside in part the Award of the Sole Arbitrator dated 30.04.2015 with regard to pendente lite interest.

2. Some necessary facts, which are required to be noticed for the disposal of this appeal are as under:

3. The Appellant is a company incorporated under the Companies Act, 1956, registered as an SME, and is engaged in the business of construction of switchyards and allied structure. Whereas, the respondent is a public sector undertaking having its registered office at New Delhi. The respondent invited tenders on 05.07.2006 for execution and handling of civil works for M/s Neyveli Lignite Corporation, Rajasthan. On 03.11.2006, the appellant submitted its revised price offer and the same was accepted by the respondent on 28.11.2006.The respondent awarded the work under the tender vide Letter of Intent dated 28.11.2006 and issued a detailed Work Order dated 12.02.2007 to the appellant.