Supreme Court · 2011 INSC 483 · Decided 12 July 2011
Union of India v. M/S. Krafters Engineering & Leasing (P) LTD.
- Court
- Supreme Court of India
- Citation
- 2011 INSC 483 · [2011] 8 S.C.R. 196
- Case number
- CIVIL APPEAL No. 2005/2007
- Decided
- 12 July 2011
- Bench
- P. SATHASIVAM, A.K. PATNAIK (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Arbitration Act
Headnote
Arbitration Act, 1940 - Jurisdiction of arbitrator to award interest when contract prohibits it - Held: In such a case, C arbitrator cannot award interest for the amount payable to the contractor under the contract - However, where there is no prohibition as regards the grant of interest, award interest pendente lite - On facts, the bar under clause 1.15 of the General Conditions of the Contract between o the parties prohibiting payment of interest on amount payable to contractor under the contract, is absolute and interest cannot · be awarded without rewriting the
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