Supreme Court · 2019 INSC 158 · Decided 7 February 2019
Jaiprakash Associates LTD. (Jal) Through Its Director v. Tehri Hydro Development Corporation India LTD.
- Court
- Supreme Court of India
- Citation
- 2019 INSC 158 · [2019] 2 S.C.R. 41
- Case number
- CIVIL APPEAL No. 1539/2019
- Decided
- 7 February 2019
- Bench
- A.K. SIKRI, S. ABDUL NAZEER, M.R. SHAH (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Arbitration Act Section 31(7)(a)
Headnote
Arbitration and Conciliation Act, 1996: s. 31(7)(a) - Power of arbitrator to award pendente-lite interest - Arbitral Tribunal while allowing the claims, also granted pendente- lite interest - Objection to award of clauses 50 and 51 of General Conditions of Contract which barred grant of interest - Single Judge of High Court quashed the award limited to the interest - Order of Single Judge affirmed by Division Bench of High Court - On appeal, held: As the clauses 50 and 51 of General
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