Supreme Court · 2025 INSC 699 · Decided 15 May 2025
M/S Interstate Construction v. National Projects Construction Corporation LTD.
- Court
- Supreme Court of India
- Citation
- 2025 INSC 699 · [2025] 5 S.C.R. 2106
- Case number
- CIVIL APPEAL No. 3461/2025
- Decided
- 15 May 2025
- Bench
- ABHAY S. OKA, UJJAL BHUYAN (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Arbitration Act Section 37
Headnote
Issue arose whether the Division Bench of High Court was justified setting aside the directions related to pendente lite interest, holding that it was not open for the arbitral tribunal to have carved out three periods for payment of interest: future. Arbitration and Conciliation Act, 1996 - s.37 - Arbitral award - Award of interest for pre-reference and pendente lite period - Respondent engaged services of the appellant for executing a contract relating to Power Project - Appellant
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