the award dated 20.07.2018 passed by Sh. Anshuman Chowdhary, Ld Arbitrator, whereby, respondent has been directed to make payment of Rs. 4,36,278/ to the petitioner within a period of 60 days from the date of the award, failing to pay interest on the said amount @ 10% per annum compounded anually. Brief facts: 2. The facts leading to this petition are that the petitioner, Western Indian Genuine Ghee Co. Pvt Ltd, a small scale industry, dealing in manufacturing and trading of all types of lubricating oils, gear oils, processed vegetable oils, registered with NSIC, participated in a tender inquiry no. P/71670/200809/Q/ST9 (DAFC50%)/014 vide quotation dated 29.10.2007 for the procurement of DAFC50% (Glycol Based antifreeze coolant) floated by the respondent no. 1 i.e. Director General Supplies & Transport (DGST), Ministry of Defence. It was declared L1. It is stated that the post opening of tender, on 09.05.2008, petitioner was called in a meeting where a new concept of monetary limit was introduced by the respondent no. 1. It was accepted by the petitioner subject to considering the monetary limit given in DGQA registration certificate dated 14.01.2008 issued by the Ministry of Defence reflecting in clause 3 of the contract. The petitioner also OMP Comm No. 03/2018 Western India Gunine Ghee Co. Vs. VS. UOI & Ors Page No.2 of 31 clarified the points raised during the meeting vide letters dated 09.05.2008 & 16.05.2008. It is stated that as per the tender clause 16 of DGST form 104 and clause 7.4 of DPM 2006, petitioner was exempted from payment of security deposit irrespective of any monetary limit, however, it agreed to pay the security deposit of Rs. 4,57,652/ only if, the total quantity of 3,00,000 liters order was placed on it. It at that time was registered with DGQA with monetary limit of 1.17 crores. 3. The respondent no. 1 awarded the contract on 11.07.2008 for a partial quantity of 2,33,500 ltrs. The petitioner accepted the contract subject to issuance of amendments vide letter dated 22.07.2008. It expressed its willingness to pay Rs. 45,500/ as security deposit since the quantity was reduced from 3,00,000 ltrs to 2,35,500 ltrs. The respondent no. 1 did not give the due amendments nor cancelled the contract despite the fact that the petitioner had not paid the security deposit within 30 days as per tender / contract clause. The respondent no. 1 accepted the material without any objection. The petitioner submitted the bills D1 to D10 for Rs. 1,39,69,571/ in terms of clause no. 18 (c) vide letter dated 30.12.2008 with the submissions that in case, the bills are returned for no fault of it, it shall be entitled to interest as per MSME Act 2006. On this, the petitioner received a letter dated 15.01.2009, whereby, PCDA returned all OMP Comm No. 03/2018 Western India Gunine Ghee Co. Vs. VS. UOI & Ors Page No.3 of 31 the 10 bills on the ground that DGST has not amended the contract with respect to clause 10 i.e. security deposit. The petitioner then sent a notice dated 22.01.2009 to PCDA to release the payment at the earliest, failing which, it would take legal action. The petitioner received the payment against bills no. D11 to D13 vide letter dated 09.02.2009 wherein, PCDA