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1966 (9) TMI 133 - SUPREME COURTWhether the arbitrator committed an error of law in holding that the appellant had deducted ₹ 3,57,500/- from the bills of the Company with regard to contracts other than the three contracts of bedsteads which are the subject matter of the present case? Whether the arbitrator could subtract the aforesaid amount of ₹ 3,57,500/from the price of steel credited to the appellant? Held that:- There is no error of law on the face of the award and the argument of the appellant on this aspect of the case must fail. In the present case, all the disputes in the suit, including the question of interest, were referred to the arbitrator for his decision. In our opinion, the arbitrator had jurisdiction, in the present case, to grant interest on the amount of the award from the date of the award till the date of the decree granted. Though, in terms, s. 34 of the Code of Civil Procedure does not apply to arbitration proceedings, the principle of that section will be applied by the. arbitrator for awarding interest in cases where a court of law in, a suit having jurisdiction of the subject-matter covered by s. 34 could grant a decree for interest. Appeal dismissed.
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