Interest-From date of cause of action to date of award

The power of the Arbitrator to grant pre-reference interest, pendente lite interest, and post-award interest under Section 31(7) of the Arbitration and Conciliation Act, 1996 – Pam Developments Pvt. Ltd. Vs. The State of West Bengal and Anr. – Supreme Court

The Hon’ble Supreme Court has summarised the law on interest under Arbitral awards considering various judgments.

The power of the Arbitrator to grant pre-reference interest, pendente lite interest, and post-award interest under Section 31(7) of the Arbitration and Conciliation Act, 1996 – Pam Developments Pvt. Ltd. Vs. The State of West Bengal and Anr. – Supreme Court Read Post »

The Court exercising jurisdiction under Section 34 of the Arbitration and Conciliation Act, 1996 does not sit as a Court of Appeal against the findings of Arbitral Tribunal – ARG Outlier Media Pvt. Ltd. Vs. HT Media Ltd. – Delhi High Court

Hon’ble High Court held that it is settled law that the Court exercising jurisdiction under Section 34 of the Act does not sit as a Court of Appeal against the findings of the learned Arbitral Tribunal. Its jurisdiction under Section 34 of the Act is rather limited and even a contravention of a statute, that is not linked to a public policy or public interest, cannot be a ground for setting aside an Arbitral Award under Section 34 of the Act. Therefore, even assuming that the learned Sole Arbitrator made a mistake in the interpretation of the Maharashtra Stamp Act, in my view, it cannot be a ground to interfere with the Arbitral Award in the exercise of the limited jurisdiction under Section 34 of the Act.

The Court exercising jurisdiction under Section 34 of the Arbitration and Conciliation Act, 1996 does not sit as a Court of Appeal against the findings of Arbitral Tribunal – ARG Outlier Media Pvt. Ltd. Vs. HT Media Ltd. – Delhi High Court Read Post »

Where the parties had agreed that no interest shall be payable, arbitral tribunal cannot award interest between the date when the cause of action arose to date of award – Sree Kamatchi Amman Constructions Vs. The Divisional Railway Manager (Works), Palghat & Ors. – Supreme Court

Login with GoogleOR Username Password Remember Me     Forgot Password In case you’ve already logged in, click here to

Where the parties had agreed that no interest shall be payable, arbitral tribunal cannot award interest between the date when the cause of action arose to date of award – Sree Kamatchi Amman Constructions Vs. The Divisional Railway Manager (Works), Palghat & Ors. – Supreme Court Read Post »

Where the parties had agreed that no interest shall be payable, the Arbitral Tribunal cannot award interest between the date when the cause of action arose to the date of award – Union of India Vs. Krafters Engineering & Leasing (P) Ltd. – Supreme Court

Login with GoogleOR Username Password Remember Me     Forgot Password In case you’ve already logged in, click here to

Where the parties had agreed that no interest shall be payable, the Arbitral Tribunal cannot award interest between the date when the cause of action arose to the date of award – Union of India Vs. Krafters Engineering & Leasing (P) Ltd. – Supreme Court Read Post »

Scroll to Top