Supreme Court · 2025 INSC 429 · Decided 1 April 2025
M/S Ferro Concrete Construction (India) PVT. LTD. v. The State of Rajasthan
- Court
- Supreme Court of India
- Citation
- 2025 INSC 429 · [2025] 4 S.C.R. 529
- Case number
- CIVIL APPEAL No. 4723/2025
- Decided
- 1 April 2025
- Bench
- PAMIDIGHANTAM SRI NARASIMHA, JOYMALYA BAGCHI (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Arbitration Act
Headnote
Whether the contractual clause that bars the appellant/contractor from claiming any interest on any payment, arrears or balance due to it amounts to an express bar on the arbitrator's power to grant pendente lite interest as per the law under Arbitration Act, 1940 - Appellant was awarded a works contract by the respondent - A Clause 22 of the agreement barred the appellant from claiming interest on any payment or arrears or balance due to him - Disputes arose between the parties -
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