Supreme Court Dismisses Union of India's Appeal in Arbitration Interest Dispute, Upholding Arbitrator's Award. Contractual Clause Barring Interest on Specific Deposits Does Not Prohibit Arbitrator from Awarding Pendente Lite and Future Interest Under Section 31(7)(a) of the Arbitration and Conciliation Act, 1996....
The dispute originated from a contract between the Union of India and Manraj Enterprises for three work contracts, leading to arbitration. The sole arbitrator awarded Rs. 78,81,553.08 along with pende...




