Validity of Arbitral award - whether the appellant is liable to ...
Supreme Court Rules No Interest Payable Despite Arbitral Tribunal Award; Upholds Contract Clause Against Interest Payments.
July 8, 2015
Case Laws Indian Laws SC
Validity of Arbitral award - whether the appellant is liable to pay interest to the respondent though there was a provision in the contract that no interest should be paid on the amount payable to the contractor - Held No - Arbitral Tribunal was not justified in awarding interest - SC
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