The appellant was awarded a contract by the respondent for constructing an office building and incubation centre, with a completion deadline of January 15, 2007. However, the appellant completed the work by November 30, 2007, causing a delay of around 10 months. The respondent imposed liquidated damages of ₹82,43,499, as per Clause 26 of the contract. Although the respondent had granted multiple extensions, it reserved the right to levy liquidated damages. The appellant appealed, but the Supreme Court dismissed the appeal. The Court held that the Single Judge had exceeded permissible grounds under Section 34 of the Arbitration Act. The Court affirmed the arbitrator's interpretation of the contract and upheld the Division Bench’s decision to restore the arbitral award.