2001 (4) TMI 959

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....ER 1. Leave granted. 2. These appeals are directed against the orders of a Division Bench of the Bombay High Court affirming the judgment of the learned Single Judge. Awards having been passed by the Arbitrator under the Arbitration Act, 1940 which awards were unreasoned awards, objections were filed by the Appellants. The learned Single Judge of the Bombay High Court over-ruled those objections....

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....as well as the judgment of the Division Bench of the High Court, we are unable, to persuade ourselves to agree with the submissions made and examine the correctness of the contention with reference to the provisions of the agreement itself which did not form a part of the award. But so far as the second contention is concerned, on the face of it, the award of interest at 15 per cent appears to be ....