High Court of Bombay Dismisses Union of India's Appeal Against Arbitral Award of Interest in Railway Contract Dispute. Clause 16(2) Prohibiting Interest on Contractual Amounts Does Not Bar Interest on Award Amount Under Section 31(7)(b) of Arbitration and Conciliation Act, 1996.
4 Jan 2013The appellant, Union of India, challenged an arbitral award under Section 34 of the Arbitration and Conciliation Act, 1996, which was rejected by the ...




