12 August 2024


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Supreme Court: No Additional Post-Award Interest if Award Fixes Interest Rate until Payment - 25.09.2025

Supreme Court held that if an arbitral award sets a composite interest rate covering the entire period from cause of action to payment, the award holder cannot claim additional compound interest at the post-award stage under Section 31(7)(b) of the Arbitration and Conciliation Act, 1996.

Tags : Award Arbitration and Conciliation Act Interest

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