Supreme Court · 2009 INSC 1184 · Decided 19 October 2009
Indian Hume Pipe CO. LTD. v. State of Rajasthan
- Court
- Supreme Court of India
- Citation
- 2009 INSC 1184 · [2009] 15 S.C.R. 254
- Case number
- CIVIL APPEAL No. 6971/2009
- Decided
- 19 October 2009
- Bench
- V.S. SIRPURKAR, DEEPAK VERMA (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- CPC Section 34; Arbitration Act Section 29, 39
Headnote
Arbitration Act, 1940 - s. 29 - Interest on arbitral award - Competence, jurisdiction and power of arbitrator to award C interest - Held: If certain amount was withheld wrongly and without justification, then the aggrieved party would be. fully justified in claiming interest - This is mandate of 29 of the Act - Power to award interest at all stages vests with the arbitrator - If there is no embargo or legal hurdle D in awarding interest, there cannot be any justifiable reason to deny the same - Code of Civil Procedure, 1908 - s.34. The parties .entered into an agreement for laying of PSC
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