S.V. Samudram vs The State Of Karnataka
Judges (2)
Parties (2)
Case Significance
S.V. Samudram vs The State Of Karnataka is a Supreme Court of India decision dated January 4, 2024 (citation: insc-2024-17). A registered civil engineering contractor disputed the modification of an arbitral award by the courts below in a construction contract with the Karnataka State PWD for the Chief Conservator of Forests office at Sirsi. The Supreme Court restored the original arbitral award, finding that the courts below had not complied with the well-laid parameters of Sections 34 and 37 of the Arbitration and Conciliation Act and had wrongly reduced the awarded amounts and interest rate from 18% to 9% withou The bench comprised Justices Abhay S. Oka and Sanjay Karol. The judgment was delivered by Justice Sanjay Karol.
Summary
A registered civil engineering contractor disputed the modification of an arbitral award by the courts below in a construction contract with the Karnataka State PWD for the Chief Conservator of Forests office at Sirsi. The Supreme Court restored the original arbitral award, finding that the courts below had not complied with the well-laid parameters of Sections 34 and 37 of the Arbitration and Conciliation Act and had wrongly reduced the awarded amounts and interest rate from 18% to 9% without legal basis. Interest was awarded at 9% from the date of award, pendente lite and future.
What was the outcome of S.V. Samudram vs The State Of Karnataka?
A registered civil engineering contractor disputed the modification of an arbitral award by the courts below in a construction contract with the Karnataka State PWD for the Chief Conservator of Forest...
Judgment
Read the full judgment on the official India Courts portal.
Read on Indian KanoonSource: Indian Kanoon (insc-2024-17)