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2023 Supreme(Del) 5787

YASHWANT VARMA, RAVINDER DUDEJA
Anil Kumar Gupta – Appellant
Versus
Municipal Corporation of Delhi & Another – Respondent


Advocates appeared:
Dr. Amit George, Advocate, Mr. Aditya Chibber, Advocate, Mr. Rayadurgam Bharat, Advocate & Mr. Arkaneil Bhaumik, Advocate, for the Appellant; Mr. Sunil Goel, SC with Ms. Akshita jain, Advocate, Mr. Himanshu Goel, Advocate with Mr. Bhanu Pratap Yadav, A.E. (Project), Narela Zone, for the Respondent.

JUDGMENT

Yashwant Varma, J. - The appellant / claimant assails the judgment and orders dated 12 December 2018 and 08 August 2019 passed by the learned Single Judge on the Section 34 petition instituted by the respondent under the Arbitration & Conciliation Act, 1996[1996 Act].

    2. It would appear from the record that in terms of the judgment which was rendered on 12 December 2018, the learned Single Judge while partly allowing the Section 34 petition had reduced the rate of interest awarded in favour of the appellant / claimant passed by the Arbitral Tribunal[AT] from 18% to 12% and further restricting the application of interest from the date of accrual of cause of action, namely, 08 March 2004 and providing it to commence from the date of invocation of arbitration, namely, 06 July 2008.

    3. After the Section 34 petition had been finally disposed of on 12 December 2018, an application for modification came to be moved by the respondent and which was accepted and disposed of in terms of the order dated 08 August 2019. Dealing with the issues which appear to arise on the appeal and

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