Supreme Court Upholds Compound Interest in Arbitration, Rejects State’s Appeal: UHL Power Company Ltd. vs. State of Himachal Pradesh (2022)
Supreme Court Upholds Compound Interest in Arbitration, Rejects State’s Appeal: UHL Power Company Ltd. vs. State of Himachal Pradesh (2022) LEGAL ISSUE: Whether an arbitral tribunal can award compound interest and whether a Memorandum of Understanding (MoU) merges into an Implementation Agreement. CASE TYPE: Arbitration Law Case Name: UHL Power Company Ltd. vs. State of […]