{"id":85607,"date":"2011-09-12T00:00:00","date_gmt":"2011-09-11T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/binod-kumar-binod-kumar-bhag-vs-ms-s-k-distributors-ors-on-12-september-2011"},"modified":"2017-08-01T09:18:46","modified_gmt":"2017-08-01T03:48:46","slug":"binod-kumar-binod-kumar-bhag-vs-ms-s-k-distributors-ors-on-12-september-2011","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/binod-kumar-binod-kumar-bhag-vs-ms-s-k-distributors-ors-on-12-september-2011","title":{"rendered":"Binod Kumar @ Binod Kumar Bhag vs M\/S S.K.Distributors & Ors on 12 September, 2011"},"content":{"rendered":"
Jharkhand High Court<\/div>\n
Binod Kumar @ Binod Kumar Bhag vs M\/S S.K.Distributors & Ors on 12 September, 2011<\/div>\n<\/p>\n
<\/pre>\n
                          \u00a0\u00a0\u00a0\u00a0IN\u00a0THE\u00a0HIGH\u00a0COURT\u00a0OF\u00a0JHARKHAND\u00a0AT\u00a0RANCHI\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
\n      \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Arbitration\u00a0Appeal\u00a0No.1\u00a0\u00a0of\u00a0\u00a02009\u00a0\u00a0\u00a0\u00a0<\/p>\n
              \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0M\/s\u00a0Luxmi\u00a0\u00a0Industries,\u00a0Lohardaga\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0…..Appellant\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
\n                                                  Versus\u00a0
\n                        \u00a0\u00a0\u00a0M\/s\u00a0Steel\u00a0Authority\u00a0of\u00a0India\u00a0Ltd.\u00a0New\u00a0Delhi\u00a0&\u00a0anr……\u00a0Respondents
\n          \u00a0\u00a0
\n          \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
\n          \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0CORAM\u00a0:\u00a0HON’BLE\u00a0THE\u00a0CHIEF\u00a0JUSTICE                      \u00a0
\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0…..\u00a0\u00a0\u00a0<\/p>\n
      \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0For\u00a0the\u00a0Appellant\u00a0\u00a0\u00a0\u00a0\u00a0        :\u00a0Mr.Atanu\u00a0Banerjee,Adv.\n<\/p>\n
                          \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0For\u00a0the\u00a0Respondents\u00a0\u00a0         :\u00a0Mr.Ananda\u00a0Sen,Adv.\n      \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\n                                                                                    th\n      \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Dated\u00ad\u00a012\u00a0\u00a0\u00a0\u00a0\u00a0September\u00a0,\u00a02011\u00a0\n\n<\/pre>\n
            \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0   \u00a0By\u00a0Court\u00ad\u00a0\u00a0\u00a0\u00a0This\u00a0appeal\u00a0has\u00a0been\u00a0preferred\u00a0under\u00a0Section\u00a037\u00a0of\u00a0the\u00a0<\/p>\n
                      Arbitration\u00a0&\u00a0Conciliation\u00a0Act,\u00a01996\u00a0against\u00a0the\u00a0order\u00a0dated\u00a0 \u00a019th\u00a0<\/p>\n
                      December,\u00a02008\u00a0passed\u00a0by\u00a0the\u00a0court\u00a0of\u00a0Sub\u00a0Judge\u00adII,\u00a0Lohardaga\u00a0in\u00a0<\/p>\n
                      Title \u00a0 Arbitration \u00a0 Suit \u00a0 No.17 \u00a0 of \u00a0 2005, \u00a0 whereby \u00a0 the \u00a0 objection\u00a0<\/p>\n
                      submitted\u00a0by\u00a0the\u00a0appellant\u00a0has\u00a0been\u00a0dismissed.<\/p>\n
                      2.       Learned\u00a0counsel\u00a0for\u00a0the\u00a0appellant\u00a0submitted\u00a0that\u00a0the\u00a0learned\u00a0<\/p>\n
                      Arbitrator\u00a0did\u00a0not\u00a0award\u00a0the\u00a0interest\u00a0over\u00a0the\u00a0delayed\u00a0payment\u00a0of\u00a0<\/p>\n
                      the \u00a0 earnest \u00a0 money. \u00a0 However, \u00a0 it \u00a0 appears \u00a0 from \u00a0 the \u00a0 award \u00a0 that \u00a0 at\u00a0<\/p>\n
                      internal\u00a0page\u00ad12\u00a0of\u00a0the\u00a0award\u00a0\u00a0,\u00a0the\u00a0learned\u00a0Arbitrator\u00a0has\u00a0awarded\u00a0<\/p>\n
                      the\u00a0interest\u00a0on\u00a0earnest\u00a0money\u00a0deposited\u00a0by\u00a0stating\u00a0that\u00a0appellant\u00a0<\/p>\n
                      shall\u00a0be\u00a0entitled\u00a0to\u00a0interest\u00a0@\u00a010%\u00a0per\u00a0annum\u00a0on\u00a01st\u00a0January,\u00a01997\u00a0<\/p>\n
                      to \u00a0 the \u00a0 date \u00a0 of \u00a0 award \u00a0 on \u00a0 the \u00a0 delayed \u00a0 payment \u00a0 of \u00a0 earnest \u00a0 money.\u00a0<\/p>\n
                      There\u00a0is\u00a0a\u00a0reference\u00a0of\u00a0the\u00a0claim\u00a0of\u00a0the\u00a0appellant\u00a0with\u00a0respect\u00a0to\u00a0<\/p>\n
                      interest\u00a0on\u00a0account\u00a0of\u00a0the\u00a0delayed\u00a0payment\u00a0of\u00a0earnest\u00a0money,\u00a0which\u00a0<\/p>\n
                      had\u00a0been\u00a0taken\u00a0note\u00a0of\u00a0by\u00a0the\u00a0learned\u00a0Arbitrator\u00a0at\u00a0page\u00ad5\u00a0,\u00a0in\u00a0item\u00a0<\/p>\n
                      no.4.\u00a0Therefore,\u00a0if\u00a0the\u00a0amount\u00a0of\u00a0the\u00a0earnest\u00a0money\u00a0has\u00a0been\u00a0paid\u00a0<\/p>\n
                      to \u00a0 be \u00a0 appellant \u00a0 after \u00a0 it \u00a0 became \u00a0 due \u00a0 then \u00a0 he \u00a0 has \u00a0 been \u00a0 awarded\u00a0<\/p>\n
                      interest\u00a0@\u00a010%\u00a0per\u00a0annum.\u00a0Therefore,\u00a0in\u00a0view\u00a0of\u00a0the\u00a0above\u00a0reasons,\u00a0<\/p>\n
                      I \u00a0 do \u00a0 not \u00a0 find \u00a0 the \u00a0 contention \u00a0 of \u00a0 the \u00a0 appellant \u00a0 that \u00a0 it \u00a0 has \u00a0 been \u00a0
\n                                                           2.<\/span><\/p>\n
                     denied\u00a0interest\u00a0over\u00a0the\u00a0late\u00a0payment\u00a0of\u00a0earnest\u00a0money.\u00a0If\u00a0petitioner\u00a0<\/p>\n
                     has \u00a0 not\u00a0 get\u00a0 yet\u00a0 the \u00a0 said \u00a0 amount, \u00a0it\u00a0 is \u00a0 free \u00a0 to\u00a0 get\u00a0 the \u00a0 amount \u00a0by\u00a0<\/p>\n
                     executing\u00a0the\u00a0award.\n<\/p>\n
                     3.       Learned\u00a0counsel\u00a0for\u00a0the\u00a0appellant\u00a0raised\u00a0doubt\u00a0because\u00a0of\u00a0the\u00a0<\/p>\n
                     reason\u00a0that\u00a0Arbitrator\u00a0observed\u00a0“amounts\u00a0found\u00a0due”\u00a0\u00a0and,\u00a0therefore,\u00a0<\/p>\n
                     it\u00a0may\u00a0be\u00a0made\u00a0clear\u00a0that\u00a0the\u00a0amounts\u00a0found\u00a0due\u00a0by\u00a0the\u00a0Arbitrator\u00a0<\/p>\n
                     is\u00a0in\u00a0relation\u00a0to\u00a0the\u00a0earnest\u00a0money\u00a0amount,\u00a0which\u00a0has\u00a0been\u00a0found\u00a0<\/p>\n
                     due\u00a0in\u00a0the\u00a0award.\u00a0The\u00a0claim\u00a0of\u00a0appellant\u00a0is\u00a0based\u00a0on\u00a0Clause\u00a04.5.3\u00a0of\u00a0<\/p>\n
                     the\u00a0Annual\u00a0Booking\u00a0Scheme.\u00a0This\u00a0apprehension\u00a0of\u00a0the\u00a0appellant\u00a0has\u00a0<\/p>\n
                     no\u00a0basis\u00a0because\u00a0of\u00a0the\u00a0reason\u00a0that\u00a0\u00a0awarding\u00a0of\u00a0interest\u00a0on\u00a0delayed\u00a0<\/p>\n
                     payment\u00a0of \u00a0the \u00a0earnest\u00a0money\u00a0and\u00a0acceptance\u00a0of\u00a0the \u00a0plea\u00a0of\u00a0the\u00a0<\/p>\n
                     contractor\u00adappellant\u00a0that\u00a0it\u00a0is\u00a0entitled\u00a0to\u00a0interest\u00a0@\u00a010%\u00a0on\u00a0delayed\u00a0<\/p>\n
                     payment\u00a0of\u00a0earnest\u00a0money,\u00a0clearly\u00a0indicate\u00a0that\u00a0such\u00a0right\u00a0of\u00a0interest\u00a0<\/p>\n
                     over\u00a0the\u00a0delayed\u00a0payment\u00a0of\u00a0earnest\u00a0money\u00a0has\u00a0been\u00a0recognized.\u00a0<\/p>\n
                     Therefore, \u00a0 if \u00a0 there \u00a0 is \u00a0 a \u00a0 confusion, \u00a0 now \u00a0 it \u00a0 stands \u00a0 clarified \u00a0 by \u00a0 this\u00a0<\/p>\n
                     order.\u00a0\n<\/p>\n
                     4.       In\u00a0view\u00a0of\u00a0the\u00a0above\u00a0reasons,\u00a0the\u00a0appeal\u00a0of\u00a0the\u00a0appellant\u00a0is\u00a0<\/p>\n
                     disposed\u00a0of\u00a0with\u00a0the\u00a0above\u00a0observation.\n<\/p>\n
              \u00a0\u00a0\u00a0<\/p>\n
          \u00a0                                               \u00a0\u00a0\u00a0     \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(\u00a0Prakash\u00a0Tatia,\u00a0C.J.)<\/p>\n
                   \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
\nG.Jha\/\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n
                     \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\n <\/p>\n","protected":false},"excerpt":{"rendered":"
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