Supreme Court · 2018 INSC 574 · Decided 3 July 2018
M/S Raveechee and Co v. Union of India
- Court
- Supreme Court of India
- Citation
- 2018 INSC 574 · [2018] 5 S.C.R. 138
- Case number
- CIVIL APPEAL No. 5964/2018
- Decided
- 3 July 2018
- Bench
- S.A. BOBDE, L. NAGESWARA RAO (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Arbitration Act
Headnote
Arbitration Act, 1940 - Interest pendente lite - Award of - Power of the arbitrator - Award of mining contract to appellant - Dispute between parties - Award of interest pendente lite on damages excluding the security deposits, from the date of commencement of date of award - High Court set aside the award in so far as the order of pendente lite interest - On appeal, held: Liability to pay interest pendente lite arises because the claimant has been found entitled to the damages and has been kept out from those dues due to the pendency of the
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