Supreme Court Restricts Arbitrator’s Power to Award Interest When Contract Prohibits: Union of India vs. Manraj Enterprises (2021)

/ Arbitration & Conciliation Act, 1996 with Section 31(7)(a), Arbitration Law, B.V. Nagarathna, Contract Law, Contract Law with Clause 16(2), General Conditions of Contract, Interest in Arbitration, Judges, M.R. Shah

Supreme Court Restricts Arbitrator’s Power to Award Interest When Contract Prohibits: Union of India vs. Manraj Enterprises (2021) LEGAL ISSUE: Whether an arbitrator can award pendente lite and future interest when the contract between the parties expressly bars it. CASE TYPE: Arbitration Law Case Name: Union of India vs. Manraj Enterprises [Judgment Date]: 18 November […]

Supreme Court Restricts Arbitrator’s Power to Award Interest When Contract Prohibits: Union of India vs. Manraj Enterprises (2021) Read Post »