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As per the case facts, a concession agreement led to a dispute, which DAMEPL terminated. Arbitration ensued, resulting in an award. DMRC challenged this award, but it was upheld by
...the High Court and later, after an appeal, by the Supreme Court. The reason for the current appeal to the Supreme Court is the ongoing execution proceedings and the question of interest on the arbitral award. The question arose as to whether the "sum" awarded under a specific section of the Arbitration and Conciliation Act, 1996, would include interest during the pendency of the proceedings. Finally, the Supreme Court held that interest prior to and after the award date would be governed by Article 29.8 of the Concession Agreement, as directed by the Arbitral Tribunal, confirming its finality. The Court differentiated this from a prior precedent by emphasizing the presence of a specific agreement on interest between the parties, which was crucial in this case.
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