Supreme Court Allows Appeal in Arbitration Interest Dispute — Sets Aside High Court Order Disallowing Compound Interest on Pendente Lite Interest. Court Holds That Arbitral Tribunal's Award of Interest on Interest (Compound Interest) Is Permissible Under Section 31(7)(a) of the Arbitration and Conciliation Act, 1996, Unless Contractually Prohibited.
25 Mar 2025The dispute arose from a construction contract between M/s. Interstate Construction (appellant) and National Projects Construction Corporation Ltd. (r...




