- 1 - IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION AWARD NO. 2 OF 2006 M/s.Ratan Surveyor & Co. ...Claimant VS. Indian Institute of Technology ...Respondent --- Ms.M.Merchant i/b. H.G.Ganatra, for Claimant. CORAM: CORAM: CORAM: S.C.DHARMADHIKARI,J. DATED: DATED: DATED: 17TH DECEMBER,2008. P.C. P.C. P.C.: 1. This is a petition under Section 17 of the Arbitration Act,1940 for making the Award decree of the Court. 2. In the petition it is set out that the Arbitrator who was appointed made an Award on 28.11.2005 awarding a sum of Rs.17,20,319/- to the claimants in full and final settlement. It is stated that the Arbitrator was appointed pursuant to the order passed by this Court in the petition being - 2 - arbitration petition no.525 of 2001. All facts are narrated in the said order. The Court filled in the vacancies in the arbitral tribunal and that is how the matter proceeded and the award was rendered. 3. It is stated that the Award has been filed in this Court by the Arbitrators but the respondents had not taken any steps to challenge the same or comply with the directions contained therein. The Award is of the year 2005 and till date it has not been set aside. In these circumstances, the Award is made rule of the Court. There shall be a decree in terms of the Award. The claimants shall proceed and execute the said decree in accordance with law. However, interest payable would be at the rate of 6% per annum from the date of the decree till the payment and realisation. In other words further interest would be 6% per annum. Decree be drawn accordingly. (S.C.Dharmadhikari, J.)