Supreme Court · 2024 INSC 587 · Decided 7 August 2024
M/S D. Khosla and Company v. The Union of India
- Court
- Supreme Court of India
- Citation
- 2024 INSC 587 · [2024] 8 S.C.R. 113
- Case number
- SPECIAL LEAVE PETITION (CIVIL) No. 812/2014
- Decided
- 7 August 2024
- Bench
- PAMIDIGHANTAM SRI NARASIMHA, PANKAJ MITHAL (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- CPC Section 34; Arbitration Act Section 29, 17
Headnote
Arbitrator passed award granting interest for two periods-(i) Pre- award period, from the date of completion of the work up to the date of the award @ 12% per annum (simple interest); and (ii) Post- award, from the date of the award till the date of its of the court decree @ 15% per annum. Whether interest was payable on interest or whether 15% interest per annum awarded would be on the principal sum award plus 12% per annum interest on it for the pre-award period. Arbitration Act, 1940 - ss.29, 17 - Interest Act,
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)