Arbitrator Can Award Interest Anytime After The Award Is Passed Till Actual Payment Is Made: Uttarakhand High Court
LIVELAW NEWS NETWORK
14 Jun 2024 12:17 PM IST

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14 Jun 2024 12:17 PM IST
The Uttarakhand High Court has upheld an arbitration award observing that an arbitrator can award interest after the award is given till the actual payment is made.These observations were made in an appeal filed by the State questioning whether the amount of interest awarded by the Arbitrator is covered under Section 31(7)(a) and (b) of the Arbitration and Conciliation Act, 1996. Hearing...
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