Supreme Court · 2025 INSC 1066 · Decided 2 September 2025
Oil and Natural Gas Corporation LTD. v. M/S G & T Beckfield Drilling Services PVT. LTD.
- Court
- Supreme Court of India
- Citation
- 2025 INSC 1066 · [2025] 9 S.C.R. 507
- Case number
- CIVIL APPEAL No. 11324/2025
- Decided
- 2 September 2025
- Bench
- PAMIDIGHANTAM SRI NARASIMHA, MANOJ MISRA (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Arbitration Act Section 31(7)(b), 37(1), 31(7), 37
Headnote
Whether Clause 18.1 of the agreement proscribed payment of pendente lite interest on the sum awarded. Arbitration and Conciliation Act, 1996 - s.31(7)(b) - Award of interest pendente lite on the sum awarded - Court - Challenge to - Clause 18.1 of the agreement relied upon by the appellant to contend that the agreement between the parties proscribed grant of pendente-lite interest: Held: Arbitral tribunal can be denuded of its power to award pendente lite interest only if the
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