Search Results for "Section 31(7)"

Trending :

Supreme Court Allows Indian Railways' Appeals, Upholds Its Status as Deemed Dist...
Supreme Court Allows Appeal in Specific Performance Case — Delay in Deposit of...
Supreme Court Upholds Dismissal of Constable for Dual Appointment and Forgery in...
Supreme Court Alters Conviction from Murder to Attempt to Murder in Absence of C...
Supreme Court Sets Aside Appointment Orders in Steel Plant Recruitment Case Due ...

Search Results for "Section 31(7)"

21 result(s) found

Home Search Results

Scroll Down To Discover

Found 21 result(s)

Supreme Court

Supreme Court Dismisses Appeal in Arbitration Case Upholding Arbitrator's Discretion on Post-Award Interest. The Court held that under Section 31(7)(b) of the Arbitration and Conciliation Act, 1996, the arbitrator has discretion to determine the quantum for post-award interest, and since the award specified interest only on the principal, the statutory default did not apply.

1 Sep 2022

The appeal arose from a judgment of the Delhi High Court dismissing an appeal under Section 37 of the Arbitration and Conciliation Act, 1996, which ch...

Supreme Court

Supreme Court Partly Allows Appeals in Arbitration Dispute Over Interest and Contract Interpretation. The Court held that arbitral tribunals have the power to award compound interest under Section 31(7) of the Arbitration and Conciliation Act, 1996, and that a Memorandum of Understanding merged into an Implementation Agreement for arbitration purposes based on contractual terms.

7 Jan 2022

The Supreme Court addressed two civil appeals arising from a common judgment of the High Court of Himachal Pradesh in an arbitration dispute between U...

High Court

Supreme Court Allows Operational Creditor's Appeal in Insolvency Claim Delay Matter Applying COVID-19 Limitation Extension. The Court held that the period from 15.03.2020 to 14.03.2021 stands excluded in computing limitation for claim filing under the Insolvency and Bankruptcy Code, 2016, making the appellant's claim filed before 14.01.2021 timely.

29 Nov 2021

The dispute originated from a contractual relationship between GPR Power Solutions Private Limited (appellant) and Rohit Ferro Tech Limited (corporate...

Supreme Court

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.

18 Nov 2021

The dispute originated from a contract between the Union of India and Manraj Enterprises for three work contracts, leading to arbitration. The sole ar...

Supreme Court

Supreme Court Upholds Setting Aside of Arbitral Award Due to Procedural Unfairness and Appoints New Arbitrator in Railway Contract Dispute. Arbitrator's Haste in Denying Cross-examination and Excluding Evidence Violated Natural Justice Under Sections 34(2)(a)(iii) and 34(2)(b)(ii) of Arbitration and Conciliation Act, 1996, Leading to Award Being Quashed.

18 Nov 2021

The dispute originated from a 1993 contract awarded by Northern Railway to M/s. Narinder Singh and Sons for additional washing line work at Jammu Tawi...

Supreme Court

Supreme Court Dismisses Contractor's Appeal in Arbitration Case Upholding Contractual Interest Bar. Pendente Lite Interest Denied as Contract Clause Prohibiting Interest on 'Any Moneys Due' is Valid Under Section 31(7)(a) of Arbitration and Conciliation Act, 1996, and Does Not Violate Section 28 of Indian Contract Act, 1872.

4 Oct 2021

The appeal arose from a dispute between a contractor and Bharat Heavy Electricals Limited regarding a construction contract for a boundary wall at a p...

Supreme Court

Supreme Court Allows Contractor's Appeal in Arbitration Dispute Over Interest on Delayed Payment. The court examined entitlement to interest under Clause 60.8 of the contract and validity of alleged waiver through communications, referencing arbitration provisions and contract law principles.

22 Apr 2021

The dispute arose from a contract awarded by the State of Kerala to the appellants for highway upgradation, executed on 7 November 2002. The appellant...

Supreme Court

Supreme Court Reduces Interest Rate in Arbitration Award for Construction Contract Dispute. Court exercises Article 142 powers to modify arbitral interest from 18% to 10% per annum simple interest, with condition that original rate applies if payment not made within eight weeks.

2 Sep 2019

The Supreme Court disposed of an appeal by the Post Graduate Institute of Medical Education and Research, Chandigarh, against a High Court judgment af...

Supreme Court

Supreme Court Allows Appeal and Restores 18% Interest in Arbitration Award Under Section 31(7)(b) of Arbitration and Conciliation Act, 1996. State Amendment to Repealed Act of 1940 Cannot Apply to Proceedings Under 1996 Act.

8 Aug 2019

The appellant, M/s Shahi and Associates, a registered partnership firm, entered into an agreement dated 08.07.1993 with the Superintendent Engineer, D...

Supreme Court

Supreme Court Partly Allows Appeals in Arbitration Execution Case — Clarifies Interest Rate as Simple Interest. The Court held that an arbitration award granting interest at 7% per annum without specifying rests must be construed as simple interest, and post-award interest under Section 31(7)(b) of the Arbitration and Conciliation Act, 1996 is payable.

19 Feb 2019

The case arises from an auction of shops conducted by the Municipal Council Thanesar on 18.10.2006. Disputes arose regarding delivery of possession an...

1 2 3

Full Name * Username * Mobile Number * Email Address * State/UT * City * Password * Confirm Password * Referral Code (Optional)