Allowed

Bharat Heavy Electricals Limited (Bhel) v. Teknow Overseas Private Limited

Delhi HC10 Nov 2025FAO(OS) (COMM)/170/2025

Case brief

AI extract

What is this about?

Review petition seeking modification of interest awarded in an arbitration appeal. The court held interest at 2% above nationalised bank rates was mandated, respondents agreed to 9%, and directed payment of pendente lite and post-award interest at 9% within eight weeks.

What did the court decide?

Pendente lite and post-award interest fixed at 9%; appellant directed to pay respondent within eight weeks.

Bharat Heavy Electricals Limited (Bhel) Vs Teknow Overseas Private… — Arbitration | Delhi HC (2025)

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$~1 (Special Bench)

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IN THE HIGH COURT OF DELHI AT NEW DELHI

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- FAO(OS) (COMM) 170/2025

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BHARAT HEAVY ELECTRICALS LIMITED (BHEL) .....Appellant

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Through: Mr. Rajesh Yadav, Sr. Adv. with Mr.Arvind Choudhary & Mr.Dhananjay Mehlawat, Advs.

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versus

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TEKNOW OVERSEAS PRIVATE LIMITED .....Respondent Through: Mr. Moazzam Khan, Mr Sumeet Lall, Mr. Sidhant Kapoor. Ms. Koppal Chaturvedi & Mr Devesh Singh, Advocates.

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CORAM:

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HON'BLE MR. JUSTICE NITIN WASUDEO SAMBRE HON'BLE MR. JUSTICE ANISH DAYAL

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O R D E R % 19.01.2026

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REVIEW PET. 612/2025

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The present review petition has been filed by the original appellant seeking review of the order and judgment dated 10^th November, 2025, to the extent of the award of interest, including pendente lite and post-award interest.

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It is not in dispute that the appellant is liable to pay interest and pursuant to the statutory mandate under Section 31(7)(b), such interest is payable at a rate of 2% over and above the current rate of interest charged by nationalised banks.

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This is a digitally signed order.

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The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 23/01/2026 at 12:14:53

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If that be so, the appellant is liable to pay interest over and above 10%, whereas the respondents are agreeable to accept interest at the rate of 9%, as awarded, which is otherwise the rate claimed by them in the demand notice.

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Though the order was set aside, however, the interest awarded in the earlier round was at the rate of 9% only.

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In that view of the matter, we deem it appropriate to direct the appellant to pay pendente lite interest so also the post proceedings interest at the rate of 9%.

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In response to the Court’s query, we are informed that in any case, the amount shall be paid to the respondent within a period of eight weeks. The statement is accepted.

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The review petition, accordingly, stands allowed to the aforesaid extent.

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NITIN WASUDEO SAMBRE, J

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ANISH DAYAL, J

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JANUARY 19, 2026 ab/sk

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This is a digitally signed order.

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The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 23/01/2026 at 12:14:53

Bharat Heavy Electricals Limited (Bhel) v. Teknow Overseas Private Limited

Case brief

What is this about?

What did the court decide?

Bharat Heavy Electricals Limited (Bhel) v. Teknow Overseas Private Limited

Case brief

What is this about?

What did the court decide?

What the court decided

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