(1.) JUDGMENT , J.
(2.) RESPONDENT, Delhi Development Authority, vide its letter dated October 24, 1980 awarded the work for construction of 169 Dwelling Units, at Phase I, Asian Games Village Complex, Siri Fort, New Delhi, to M/s Anant Raj Agencies, the present petitioner, for an amount of Rs. 2,52,05,751 on the terms and conditions, as contained in the Agreement bearing No. 4/AGDI/80-81/1/AGDV/80-81.
(3.) WITH regard to claim No. VIII, regarding pendente lite interest, the arbitrator awarded interest at the rate of 15 per cent per annum, from January 14, 1983, till the date of payment or decree, whichever was earlier.