Supreme Court Dismisses Petition Seeking Interest on Interest in Arbitration Award Under Indian Arbitration Act, 1940 — Simple Interest on Principal Sum Only. The court held that post-award interest is payable only on the principal sum adjudged, not on pre-award interest, as per Section 29 of the Indian Arbitration Act, 1940 and Section 34 CPC.
27 Aug 2024The dispute arose from an arbitration award dated 17.09.1997 under the Indian Arbitration Act, 1940, between M/s D. Khosla and Company (petitioner) an...
