JUDGMENT :

R. Subramanian, J.

(Prayer: Original Side Appeal filed under Order XXXVI Rule 1 of the Original Side Rules read with Clause 15 of Letters Patent, to set aside the judgment and decree dated 11.12.2018 in OP. No.1022 of 2017.)

1. Challenge in this Appeal is to the order of the learned Single Judge passed in exercise of the powers conferred under Section 34 of the Arbitration and conciliation Act 1996, in and by which, the learned Single Judge set aside the award of the Arbitrator with reference to the interest portion alone.

2. The brief facts that led to the challenge to the award are as follows:

The appellant was awarded a contract for supply of 100 sets of Concrete Sleepers to the Railways vide agreement dated 10.09.2013. Certain disputes arose in the performance of the contract which led to the appellant making a request for appointment of an Arbitrator on 23.01.2014. Subsequently on 29.05.2014, the railways terminated the contract and forfeited the security deposit of Rs. 10,00,000/-. Upon being moved under section 11 of the Arbitration and Conciliation Act in OP No.14 of 2015, this court appointed a Former Judge of this Court as the Arbitrator. The Arbitrator initiated th