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Supreme Court Ruling on Post-Award Interest by deveshdampu11 is a document available to read on EtoBox.
The Supreme Court of India ruled in favor of the appellant, R.P. Garg, determining that he is entitled to post-award interest on the sum awarded by the Arbitrator, which was previously denied based on a misinterpretation of the contract. The Court clarified that under Section 31(7)(b) of the Arbitration and Conciliation Act, 1996, post-award interest is mandated unless explicitly directed otherwise in the award. Consequently, the judgment of the High Court was set aside, and the District Court
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- deveshdampu11
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- EN