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Indian Laws - Highlights / Catch Notes

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Arbitral Award - Since the rate of interest granted by the ...


High Court's Reduction of Arbitral Interest Rate under U.P. Amendment Act Deemed Unjustified by Section 31(7)(b) Compliance.

August 10, 2019

Case Laws     Indian Laws     SC

Arbitral Award - Since the rate of interest granted by the Arbitrator is in accordance with Section 31(7)(b) of the Act of 1996, the High Court and the District Judge were not justified in reducing the rate of interest by following the U.P. Amendment Act.

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