Supreme Court · 2022 INSC 898 · Decided 1 September 2022
Morgan Securities and Credits PVT. LTD. v. Videocon Industries LTD.
- Court
- Supreme Court of India
- Citation
- 2022 INSC 898 · [2022] 9 S.C.R. 819
- Case number
- CIVIL APPEAL No. 5437/2022
- Decided
- 1 September 2022
- Bench
- D.Y. CHANDRACHUD, A.S. BOPANNA (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Arbitration Act Section 31(7)(a), 31(7)(b), 31(7)
Headnote
Arbitration and Conciliation Act 1996: s. 31(7)(a), 31(7)(b) - Post award interest on principal sum - Grant of - Discretion of arbitrator - On facts, arbitral award in favour of the appellant - Post-award interest fixed at the rate of 18% on the principle sum, from date of payment - Challenge to, by the appellant that the post-award interest of 18% pa should be granted on the total sum awarded, both inclusive of principal and pre-award interest - Single Judge held that the arbitrator had in his discretion restricted the post-award interest to the
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