Supreme Court Allows Appeal in Arbitration Interest Dispute — Contractual Clause Barring Interest Does Not Bar Arbitrator's Power to Grant Pendente Lite Interest Under Arbitration Act, 1940. The Court held that a clause barring a contractor from claiming interest on payments does not expressly bar the arbitrator from awarding pendente lite interest, as it does not refer to claims before the arbitrator.
1 Jan 2024The appeal arose from a works contract dispute where the appellant contractor was awarded an arbitral award of Rs. 1,78,17,146 with 15% pendente lite ...
