Summarize the following court judgment. ivil Appeal No. 3054 of 1988. From the Judgment and Order dated 16.3.1988 of the Rajasthan High Court in S.B. Civil Miscellaneous Appeal No. 240/1987. K. Parasaran	 Attorney General	 B.L. Saruparia and Badridas Sharma for the Appellant. Soli J. Sorabjee	 Paras Kulad	 Rohinton F. Nariman and Rathin Das for the Respondent. The Judgment of the Court was delivered by SABYASACHI MUKHARJI	 J. Leave granted. Appeal is disposed of by the judgment herein. This appeal challenges the order of the High Court of Rajasthan	 dated 16th March	 1988. The respondent 's tender for construction of complete masonry dam (Civil Engineering Works) Mahi Bajaj Sagar Project	 Banswara	 was accepted by the appellant for a sum of Rs.5	90	30	791 vide letter dated 29.4.1974 and a provisional agreement was entered into between the parties on 23.5.1975. The construction was commenced by the respondent company but it did not complete the same and	 it is alleged	 left the work unfinished in the year 1979	 which was of the value of Rs. 1	79	80	054. The letter of acceptance was dated 23.5.1975. It is stated that the respondent did not start the work in spite of written notices and	 ultimately	 by a letter dated 24th December	 l979 of the Executive Engineer (Dam Division)	 Banswara	 the respondent was informed that as it had committed breach of the conditions of the contract	 the same had been terminated and that the State Govt. would complete the work under the clauses and conditions of the contract. The work had to be completed departmentally at the cost and risk of the respondent company. After some litigation between the parties when the Civil Revision was pending in the High Court of Rajasthan at Jodhpur	 a compromise between PG NO 444 the parties was arrived at on the 13th April	 1982. It was agreed that the dispute would be settled through arbitration. By an agreement dated 13th June	 1982 the parties named their arbitrators. The arbitrators entered upon the reference on 19th June	 1982. On 5th May	 1982	 the respondent company presented its claims under 40 heads claiming a total sum of Rs. 1	90	53	059.28. This amount was later on revised to Rs. 1	82	20	261.02. The State filed a counter claim for a sum of Rs. 1	70	63	026.37 which was revised to Rs. 1	25	706	17. It is stated that the arbitration proceedings were conducted for 52 days during which the number of sittings was 25. Various issues were framed. Minutes of the proceedings were recorded. The arbitrators gave the award on 8.12.1982. It is stated that the award did not contain any reason as to why and how they had arrived at the figure of Rs. 75	41	755 in favour of the respondent company. The award	 however	 mentioned that the State of Rajasthan committed breach of contract and was also guilty of wrongful revocation of the agreement and the actions taken under Clauses 2 and 3 of the conditions of the Contract	 were wrongful and unjustified. However. no reasons were indicated as to how the arbitrators arrived at those findings. The respondent filed an application in the Court of the learned District Judge for making the award Rule of the Court. The appellant	 however	 filed an objection on the grounds inter alia that no reasons had been given by the arbitrators for the award and the amount of interest awarded was unjustified. It was further averred that the award being ambiguous	 showed non application of mind and the question as regards the plant machinery of the respondent company lying at the dam site	 were beyond the scope of the arbitrator. The learned District Judge by his judgment and order dated 11th August	 1987 allowed the objection and set aside the award on the ground of ambiguity and non application of mind. The award also suffered from the vice of non statement of reasons	 according to the learned District Judge. According to him	 the award was not in accordance with law. He further held that the plant & machinery lying at the dam site was beyond the reference made to the arbitrators. He was of the opinion that the interest amount was ambiguous and thus liable to be set aside. THere was an appeal to the High Court. The High Court allowed the appeal and passed a decree for Rs. 75	41	755 being the amount of all claims and directed that the State should pay interest @ 5% p.a. on the said amount for the period from 1.8.1983 to 8.12.1985	 being the period during which the arbitration proceedings were PG NO 445 pending. This decision of the High Court is under challenge in this appeal. It was contended before us that the question whether on the ground of absence of reasons	 the award is bad per se	 is pending consideration by a Constitution Bench of this Court in C.A. No. 3137 39/85	 3145/85 Jaipur Development Authority vs Firm Chhokhamal Contractor etc. It was	 hence	 urged that this should await adjudication on this point by the Constitution Bench. We are unable to accept this contention. In our opinion pendency of this question should not postpone all decisions by this Court. One of the cardinal principles of the administration of justice is to ensure quick disposal of disputes in accordance with law	 justice and equity. In the instant case the proceedings have long procrasticated. Indeed	 the learned Judge of the High Court	 after narrating the incidents from 1975 to 1985	 concluded his judgment in March 1988 by observing that that was the end of the journey. He was wrong. That was only the end of a chapter in the journey and the appellant wants to begin another chapter in the journey on the plea that the award is not a reasoned one. The bargaining between the parties was entered into in 1974 75 and the award was made on 8th December	 1985 i.e. a decade after the beginning of the transaction. The law as it stands today is clear that unless there is an error of law apparent on the face of the award	 the award cannot be challenged merely on the ground of absence of reasons. This is settled law by a long series of decisions. Interests of justice and administration of justice would not be served by keeping at bay final adjudication of the controversy in this case on the plea that the question whether an unreasoned award is bad or not	 is pending adjudication by a larger Bench. There have been a large number of sittings before the arbitrators. Parties have been heard. There was no misconduct in the proceedings. There has been no violation of the principles of natural justice. In such a situation it would be inappropriate to postpone the decision pending adjudication of this question by a larger Bench of this Court. We do not know how long it would take to decide that question	 and whether ultimately this court would decide that unreasoned awards per se are bad or whether the decision would have prospective application only in view of the long settled position of law on this aspect in this country or not. Justice	 between the parties in a particular case	 should not be in suspended animation. Law as it stands today	 as observed in Jivarajbhai Ujamshi Sheth & Ors. vs Chintamanrao Balaji & Ors.	 ; is that award made by an arbitrator is conclusive as a judgment between the parties and the Court is entitled to set aside an award only if the arbitrator has misconducted himself in PG NO 446 the proceedings or when the award has been made after the issue of an order by the Court superseding the arbitration or if the arbitration proceedings have become invalid under Sec. 35 of the or where an award has been improperly procured or is otherwise invalid under Sec. 30 of the Act. An award may be set aside by the Court on the ground of error on the face of the award	 but an award is not invalid merely because by a process of inference and argument it may be demonstrated that the arbitrator had committed some mistake in arriving at some conclusion. In that decision Shah	 J. and Sarkar	 J. as the learned Chief Justices then were	 were of the view that it was not open to the Court to speculate	 where no reasons are given by the arbitrator	 as to what impelled the arbitrator to arrive at his conclusions. They held the award not severable. Hidayatullah	 J. as the learned Chief Justice then was	 observed that if the parties set limits to action by the arbitrator	 then the arbitrator had to follow the limits set for him and the Court can find his auxiliary jurisdiction. Instant case before us is also not a severable award. In Firm Madanlal Roshanlal Mahajan vs Hukumchand Mills Ltd.	 Indore ; Bachawat	 J. speaking for the Court observed that an arbitrator could give a lump sum award. He was not bound to give a separate award for each claim. His award on both fact and law is final. There is no appeal from his verdict. The Court cannot review his award and correct any mistake in his adjudication	 unless an objection to the legality of the award is apparent on the face of it. In the present case the arbitrator gave no reasons for the award. There is no legal proposition which is the basis of the award	 far less any legal proposition which is erroneous. Also there is no allegation of any misconduct in the proceedings. It is an error of law apparent on the face of it and not mistake of fact which could be the ground for challenging the award. See in this connection the observations in Union of India vs Bungo Steel Furniture P. Ltd.; 	 Also see the observations of this Court in Allen Berry & Co. (P) Ltd. vs Union of India	 New Delhi	 [l971] 3 SCR 282. Hence	 the High Court was right in the instant case. There is	 however	 one infirmity in the award as sanctioned by the High Court	 that is to say	 the grant of interest pendente lite. The arbitrators have observed as follows : "By adjustment of interest held to be due to the Respondents with that held to be due to the Claimants on their items of claims which were not in the nature of claim PG NO 447 for damages for breach	 we hold that the Respondents do pay Rs. 17	92	957 (Rupees seventeen lacs ninetytwo thousand nine hundred fiftyseven only) as interest	 to the Claimants upto the date of the AWARD. Claimants further do pay to the Respondents Rs. Nill. " This was awarding interest pendente lite. This is in violation of the principles enunciated by this Court in Executive Engineer (Irrigation)	 Balimela & Ors. vs Abhaduta Jena & Ors.	 [1988] 1 SCC 418. Our attention was drawn by Shri Soli J. Sorabjee	 counsel for the respondent	 to the decision of this Court in Food Corpn. of India vs M/s. Surendra	 Devendra & Mohendra Transport Co.	 where at pages 555 556 of the report	 the Court referred to certain decisions cited by Chinnappa Reddy	 J. in Executive Engineer (Irrigation)	 (supra) in which he had expressed the view that those were cases in which the references to arbitration were made by the Court or in Court proceedings of the disputes in the suit. In that context it was held in those cases that the arbitrator had power to grant interest. It was contended before us that this was a similar case. There was a Court proceeding in this case regarding the appointment of the arbitrator and	 as such	 on the same analogy it should be treated that the arbitrator had power to grant interest. We are unable to accept this. What Mr justice O. Chinnappa Reddy meant to say by the latter judgment in Executive Engineer (Irrigation)	 case referred to in Food Corporation of India	 (supra) was where the disputes regarding the merit of the case were pending in the Court and such disputes instead of being decided by the Court adjudication had been referred to an arbitrator by the Court	 in such cases the arbitrators deciding in the place of the Court	 would have the same powers to grant interest pendente lite as the Courts have under Section 34 of the Civil Procedure Code. Instant case is not such a proceeding. In that view of the matter this part of the award	 which was affirmed by the High Court of granting of interest	 must be deleted. We do so accordingly. Shri K. Parasaran	 learned Attorney General	 assures us that the amount awarded as modified	 would be paid within 8 weeks from today. The appeal is thus disposed of without any order as to costs. R.S.S. Appeal disposed of.

A dispute over the completion of construction work under a contract led to the litigation between the appellant and the respondent company. However	 during the pendency of the proceedings in the High Court	 the parties agreed to settle the dispute through arbitration. The Arbitrators gave their award in favour of the respondent company on the ground that the appellant had committed breach of contract and was also guilty of wrongful revocation of the agreement. The award did not contain any reason as to why and how the Arbitrators had arrived at the sum awarded. The appellant filed objection to the respondent 's application for making the award Rule of the Court on the ground inter alia that (i) no reasons had been given for the award	 (ii) the award being ambiguous showed non application of mind	 and (iii) the amount of interest awarded was unjustified. The learned District Judge allowed the objection and set aside the award on the ground of ambiguity and non statement of reasons. The High Court	 however	 allowed the respondent 's appeal and also directed payment of interest for the period during which the arbitration proceedings were pending. Before this Court it was urged that	 because the question whether on the ground of absence of reasons the award is bad per se is pending consideration by a Constitution Bench of this Court	 the present case should await adjudication on this point by the Constitution Bench. Disposing of the appeal	 it was	 HELD: (1) One of the cardinal principles of the administration of justice is to ensure quick disposal of PG NO 441 PG NO 442 disputes in accordance with law	 justice and equity. Justice between the parties in a particular case should not be in suspended animation. [445B C	 G] (2) Interests of justice and administration of justice would not be served by keeping at bay final adjudication of the controversy in this case on the plea that the question whether an unreasoned award is bad or not	 is pending adjudication by a larger Bench. [445E F] (3) It is not known whether the decision of this Court would have prospective application only in view of the long settled position of law on this aspect in this country or not. [445G] (4) The law as it stands today is clear that unless there is an error of law apparent on the face of the award	 the award cannot be challenged merely on the ground of absence of reasons. This is settled law by a long series of decisions. [445E] (5) An award is not invalid merely because by a process of inference and argument it may be demonstrated that the arbitrator had committed some mistake in arriving at some conclusion. [446B] (6) It is not open to the Court to speculate	 where no reasons are given by the arbitrator	 as to what impelled the arbitrator to arrive at his conclusions. [446C] Jivarajbhai Ujamshi Sheth vs Chintamanrao Balaji & Ors.	 ; 	 referred to. (7) It is an error of law apparent on the face of it and not a mistake of fact which could be the ground for challenging the award. [446F] Union of India vs Bungo Steel Furniture P. Ltd.	 ; and Allen Berry & Co. P. Ltd. vs Union of India	 ; 	 referred to. In the present case the arbitrator gave no reasons for the award. There is no legal proposition which is the basis of the award	 far less any legal proposition which is erroneous. And there is no allegation of any misconduct in the proceedings. [446E F] (9) The award of interest pendente lite in this case was in violation of the principles enunciated by this Court. [447B] PG NO 443 Executive Engineer (Irrigation) Balimela vs Abhaduta Jena	 [1988] 1 SCC 418	 followed. Food Corporation of India vs M/s. Surendra Devendra & Mohendra Transport Co.	 [1988] 1 SCC 57	 explained.