Supreme Court Examines Whether Contractual Clause Prohibiting Delayed Payment Interest Bars Pendente Lite Interest Under Section 31(7) of Arbitration and Conciliation Act, 1996. The Court Analyzed Clause 18.1 of the Agreement Providing 'No Interest Shall Be Payable by ONGC on Any Delayed Payment / Disputed Claim' and Considered Precedents on Implied Bar of Interest.
1 Jan 1970The present appeal arose from a judgment and order of the Gauhati High Court dated 08.03.2019, which had allowed the respondent's appeal under Section...
