Search Results for "pre-award interest"

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Search Results for "pre-award interest"

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Supreme Court

Post-Award Interest in Arbitration: Supreme Court Clarifies Computation. Determining if post-award interest applies to principal only or includes pre-award interest.

17 Dec 2024

This case revolves around the North Delhi Municipal Corporation v. M/S S.A. Builders Ltd., in which the key issue pertains to post-award interest unde...

Supreme Court

Supreme Court Rules Against Compound Interest in Arbitration Awards. Clarity on Interest Computation in Arbitration Awards

7 Aug 2024

The Supreme Court of India addressed the issue of whether compound interest could be awarded on an arbitration award. The case involved M/s D. Khosla ...

Supreme Court

Supreme Court Dismisses Appeal in Arbitration Case Upholding Arbitrator's Discretion on Post-Award Interest. The Court held that under Section 31(7)(b) of the Arbitration and Conciliation Act, 1996, the arbitrator has discretion to determine the quantum for post-award interest, and since the award specified interest only on the principal, the statutory default did not apply.

1 Sep 2022

The appeal arose from a judgment of the Delhi High Court dismissing an appeal under Section 37 of the Arbitration and Conciliation Act, 1996, which ch...

Supreme Court

Supreme Court Dismisses Contractor's Appeal in Arbitration Case Upholding Contractual Interest Bar. Pendente Lite Interest Denied as Contract Clause Prohibiting Interest on 'Any Moneys Due' is Valid Under Section 31(7)(a) of Arbitration and Conciliation Act, 1996, and Does Not Violate Section 28 of Indian Contract Act, 1872.

4 Oct 2021

The appeal arose from a dispute between a contractor and Bharat Heavy Electricals Limited regarding a construction contract for a boundary wall at a p...

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