Supreme Court · 2021 INSC 269 · Decided 22 April 2021
M/S. Oriental Structural Engineers PVT. LTD. v. State of Kerala
- Court
- Supreme Court of India
- Citation
- 2021 INSC 269 · [2021] 4 S.C.R. 137
- Case number
- CIVIL APPEAL No. 3454/2011
- Decided
- 22 April 2021
- Bench
- SURYA KANT, ANIRUDDHA BOSE (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
Headnote
Interest: Interest on delayed payment - Dispute between parties as regards entitlement of the contractor to receive interest on delayed payment in relation to local currency component - Award by the Arbitral tribunal that the interest be paid on delayed payment in relation component payable under the agreement since the contract did not prohibit award of interest - However, the said order set aside by the Arbitration court as also the High Court - On appeal, held: In the agreement between the parties, there was no specific exclusion of payment of
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