Bombay High Court Partly Allows MTNL's Challenge to Arbitral Award, Reduces Future Interest from 18% to 9%. Court upheld the arbitrator's findings on quantum but modified the future interest rate as excessive under Section 31(7)(b) of the Arbitration and Conciliation Act, 1996.
16 Jul 2012The petitioner, Mahanagar Telephone Nigam Ltd. (MTNL), a Central Government Corporation, challenged an arbitral award dated 3 July 2006 passed by a so...




