Arbitral Tribunal Can Grant Post Award Interest On Interest Component Included In The Sum Of The Award: Supreme Court
ausaf ayyub
26 April 2022 12:30 PM IST

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26 April 2022 12:30 PM IST
The Supreme Court Bench comprising Justice Mr. Shah and Justice B.V. Nagarathna held that the arbitral tribunal can grant post-award interest on the sum of the award which also includes the interest component. The Court reiterated that the word sum used under Section 31(7) of the A&C Act includes the interest awarded on the substantive claims, therefore, the post award interest would...
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