Supreme Court · 2014 INSC 807 · Decided 25 November 2014
M/S. Hyder Consulting (Uk) LTD. v. Governor, State of Orissa Through Chief Engineer
- Court
- Supreme Court of India
- Citation
- 2014 INSC 807 · [2014] 14 S.C.R. 1029
- Case number
- CIVIL APPEAL No. 3148/2012
- Decided
- 25 November 2014
- Bench
- H.L. DATTU, S.A. BOBDE, ABHAY MANOHAR SAPRE (3-judge bench)
- Outcome
- Reference answered
- Case type
- Civil
- Acts & sections cited
- Arbitration Act Section 31(7)
Headnote
Arbitration and Conciliation Act, 1996 - s.31(7) - c Interpretation of- Grant ofinterest byarbitral tribunal under - Whether amounts to granting interest on interest- Held: s. 31 (7) can be interpreted to mean that interest which accrues till the be included in the "sum" from the date of Award for calculating the post-award interest- Word D sum means 'an amount of money' which may include principal and interest or one of the two - Thus, clause (a) of s.31(7) provides that the Arbitral Tribunal may include interest while
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)