Interest Act, 1978

Supreme Court Upholds Contractual Bar on Pendente Lite Interest in Arbitration: Garg Builders vs. BHEL (2021)

/ Arbitration and Conciliation Act, 1996, Arbitration Law, Arbitration Law with Section 31(7)(a), Indian Contract Act, 1872, Indian Contract Act, 1872 with Section 28, Interest Act, 1978, Interest Act, 1978 with Section 3, Judges, Krishna Murari, M.A. Khan, S. Abdul Nazeer

Supreme Court Upholds Contractual Bar on Pendente Lite Interest in Arbitration: Garg Builders vs. BHEL (2021) LEGAL ISSUE: Whether an arbitrator can award pendente lite interest when the contract between the parties explicitly bars it. CASE TYPE: Arbitration Law Case Name: Garg Builders vs. Bharat Heavy Electricals Limited [Judgment Date]: October 4, 2021 Introduction Date […]

Supreme Court Upholds Contractual Bar on Pendente Lite Interest in Arbitration: Garg Builders vs. BHEL (2021) Read Post »

Supreme Court Upholds Arbitrator’s Award on Price Escalation and Interest: Assam State Electricity Board vs. Buildworth Pvt. Ltd. (2017)

/ Arbitration Act, 1940, Arbitration Law, D.Y. Chandrachud, Interest Act, 1978, Interest Act, 1978 with Section 3(1)(b), Jagdish Singh Khehar, Judges, Pre-reference Interest, Price Escalation, Sanjay Kishan Kaul

LEGAL ISSUE: Whether an arbitrator can award price escalation beyond the original contract period and grant interest for the pre-reference period under the Arbitration Act, 1940. CASE TYPE: Arbitration Case Name: Assam State Electricity Board and Ors. vs. Buildworth Pvt. Ltd. [Judgment Date]: July 4, 2017 Introduction Date of the Judgment: July 4, 2017 Citation:

Supreme Court Upholds Arbitrator’s Award on Price Escalation and Interest: Assam State Electricity Board vs. Buildworth Pvt. Ltd. (2017) Read Post »

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