Arbitration & Conciliation Act, 1996–Sec. 37–Objection–Partly allowed–Appreication of–Non-performance of contract on account of the delay and latches on part of railway administration in releasing the money for the work–Own fault–Held, award of refund of the performance guarantee and security deposit was justified–Further, the award of interest on the amount of pending bills also does not require any interference as the amount was retained without any authority and the amount was not paid even after the work was performed–Interference declined.
