Supreme Court Dismisses Appeal in Arbitration Matter — Interest Rate Reduced. The court upheld the concurrent findings of fact regarding the arbitration award and reduced the interest rate from 20% to 18% for the pre-Award period under the Arbitration and Conciliation Act, 1996....
The case involved an appeal by Housing & Urban Development Corporation Ltd against Leela Hotels Limited concerning an arbitration award. The Arbitrator had awarded a certain amount along with an inter...




