The Supreme Court observed that an Arbitrator has substantial discretion in awarding interest under Section 31(7)(c) of the Arbitration and Conciliation Act, 1996.In this case, the Arbitrator had granted interest at the rate of 18% per annum from 01.01.2003 till the date of realization. Disposing the petition under Section 34 of the Arbitration and Conciliation Act, 1996 (Arbitration Act),...