Supreme Court · 2019 INSC 227 · Decided 19 February 2019
Municipal Council Thanesar v. Virender Kumar ETC.
- Court
- Supreme Court of India
- Citation
- 2019 INSC 227 · [2019] 5 S.C.R. 829
- Case number
- CIVIL APPEAL No. 1751/2019
- Decided
- 19 February 2019
- Bench
- UDAY UMESH LALIT, D.Y. CHANDRACHUD (2-judge bench)
- Outcome
- Case Partly allowed
- Case type
- Civil
- Acts & sections cited
- CPC; Arbitration Act Section 31(7)(a)
Headnote
Arbitration and Conciliation Act, 1996: s.31(7)(a) and (b) - Interest - Entitlement of Decree-holders to the statutory benefits under ss.31(7)(a) and (b) - Held: Decree-holders-respondents are entitled to post award interest in terms of s.31(7)(b) of the Act. Code of Civil of award - Interest awarded in the arbitration award - In the award, it was not specifically stated that the interest @ 7% p.a. was to be awarded with quarterly rests - In fact, the award did not specify anything; whether it was quarterly rests or yearly rests - It
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