Bombay High Court Partly Allows Appeal in Arbitration Case — Reduces Interest Rate from 18% to 12% per annum. The court held that an interest rate of 18% pendente lite was excessive and modified it to 12% while maintaining post-award interest at 15% under Section 37 of the Arbitration and Conciliation Act, 1996.
12 Jul 2019The case involves an appeal under Section 37 of the Arbitration and Conciliation Act, 1996, filed by Container Corporation of India Ltd. (CONCOR) agai...
