Supreme Court · 2018 INSC 623 · Decided 20 July 2018
Reliance Cellulose Products LTD. v. Oil and Natural Gas Corporation LTD.
- Court
- Supreme Court of India
- Citation
- 2018 INSC 623 · [2018] 6 S.C.R. 618
- Case number
- CIVIL APPEAL No. 1110/2010
- Decided
- 20 July 2018
- Bench
- R.F. NARIMAN, INDU MALHOTRA (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- Arbitration Act
Headnote
Arbitration Act, 1940 - Pre-reference, pendente lite interest and future interest - Power of arbitrator to award - On facts, disputes between parties referred to arbitration with regard to price for supply of goods - Fixation of price by arbitrator pendente lite and future interest all at the rate of 18% per annum - Reduction of the interest to 10% per annum by the Civil Judge - High Court upheld the same - On appeal, held: Under the Arbitration Act, an arbitrator has power to grant pre-reference interest under
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