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

O R D E R %

19.01.2026 REVIEW PET. 612/2025

¶1The present review petition has been filed by the original appellant seeking review of the order and judgment dated 10th November, 2025, to the extent of the award of interest, including pendente lite and post-award interest.

¶2It 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. This is a digitally signed order. 3. 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.

¶4Though the order was set aside, however, the interest awarded in the earlier round was at the rate of 9% only.

¶5In 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%.

¶6In 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.

¶7The review petition, accordingly, stands allowed to the aforesaid extent. NITIN WASUDEO SAMBRE, J ANISH DAYAL, J JANUARY 19, 2026 ab/sk This is a digitally signed order.

* IN THE HIGH COURT OF DELHI AT NEW DELHI + FAO(OS) (COMM) 170/2025 BHARAT HEAVY ELECTRICALS LIMITED (BHEL) .....Appellant Through: Mr. Rajesh Yadav, Sr. Adv. with Mr.Arvind Choudhary & Mr.Dhananjay Mehlawat, Advs. versus TEKNOW OVERSEAS PRIVATE LIMITED .....Respondent Through: Mr. Moazzam Khan, Mr Sumeet Lall, Mr. Sidhant Kapoor. Ms. Koppal Chaturvedi & Mr Devesh Singh, Advocates. CORAM: HON'BLE MR. JUSTICE NITIN WASUDEO SAMBRE HON'BLE MR. JUSTICE ANISH DAYAL