JUDGEMENT (ORAL)

1. The present Execution Petition has been filed under Section 36 of the Arbitration and Conciliation Act, 1996¹Act read with Order XXI Rule 10 read with Section 151 of the Code of Civil Procedure, 1908²CPC, seeking execution of the Award dated 01.05.2025³Award.

2. Ms. Monisha Handa, learned counsel for the Decree Holder, submits that although the amount awarded has been duly paid by the Judgement Debtors, the costs awarded under Paragraph 15(iv) of the Award remain outstanding and unpaid to the Decree Holder. The relevant extract of the said paragraph reads as follows:

“15. After the parties closed their respective evidence, the arguments were heard. The findings of the Tribunal issues-wise are as under:

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(iv) Relief/Award.

In terms of the findings arrived at, hereinabove on the issues number (i) to (iii), this Tribunal awards a sum of Rs.9,72,103/-.

[Rupees Nine Lakhs Seventy-Two Thousand One Hundred Three] along with simple interest @9% p.a. from the date when the aforesaid amounts were deposited by the Claimant with the Respondent/Railways. The Claimant shall also be entitled to the future interest at the said rate till the rec