(1.) This Appeal has been preferred against the dismissal order dated 14.8.2009 passed in O.P. No. 487 of 2008, which, in turn, was filed challenging the Award dated 22.5.2008 passed by the Arbitral Tribunal in favour of the First Respondent / Claimant.
(2.) Facts in brief:-
(3.) Even before us, learned Senior Counsel appearing for both sides made submissions only on the percentage of interest payable. Therefore, the only issue to be considered in this Appeal is with regard to the appropriate percentage of interest that the Appellant is liable to pay.