Supreme Court · 2021 INSC 606 · Decided 4 October 2021
Garg Builders v. Bharat Heavy Electricals Limited
- Court
- Supreme Court of India
- Citation
- 2021 INSC 606 · [2021] 10 S.C.R. 82
- Case number
- CIVIL APPEAL No. 6216/2021
- Decided
- 4 October 2021
- Bench
- S. ABDUL NAZEER, KRISHNA MURARI (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Contract Act Section 28; Arbitration Act Section 31(7)(a)
Headnote
Arbitration and Conciliation Act, 1996: s.31(7)(a) - Pendente lite interest on the award amount - Interest barring clause in the contract - Claim for pre-reference pendente lite and future interest - Held: It is clear from s.31(7)(a) that if the contract lite interest, the arbitrator cannot award interest for the said period - In the instant case, clause barring interest is very clear and categorical - It uses the expression "any moneys due to the contractor" by the employer - Therefore, it is not open for the
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