Supreme Court · 2012 INSC 129 · Decided 12 March 2012
H.P.HOUSING & Urban DEVT.AUTH.& Anr v. Ranjit Singh Rana
- Court
- Supreme Court of India
- Citation
- 2012 INSC 129 · [2012] 2 S.C.R. 427
- Case number
- CIVIL APPEAL No. 2751/2012
- Decided
- 12 March 2012
- Bench
- RAJENDRA MAL LODHA, H.L. GOKHALE (2-judge bench)
- Outcome
- Case Partly allowed
- Case type
- Civil
- Acts & sections cited
- Arbitration Act Section 31(7)(b), 34(3)
Headnote
A B ARBITRATION AND CONCILIATION ACT, 1996: s.31(7)(b) - Liability to pay interest for the post-award c period - Held: The deposit of the award amount into the court is nothing but a payment to the credit of the decree-holder - Once the award amount was deposited into the court on a particular would cease from that date. o During the pendency of the objections uls 34(3) of the Arbitration and Conciliation Act, 1996, against the award dated 14.2.2001, the appellants on 24.5.2001, deposited before the Hig~ Court the entire amount due under the award. The objections were rejected and the
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