Arbitration and Conciliation Act, 1996 and Liability Towards Interest - "A clause merely barring award of interest on delayed payment by itself will not be readily inferred as a bar to award pendente-lite interest by the arbitral tribunal. However, if the agreement is silent on award of interest, the arbitral tribunal can award interest in terms of clause (a) of subsection (7) of S. 31 of Arbitration and Conciliation Act, 1996." - ONGC v. G&T Beckfield Drilling Services Pvt Ltd [2025] GCtR 1479 (SC)
Subscribe to:
Post Comments (Atom)
Scope of Section 9 of Arbitration and Conciliation Act, 1996 Answered in a recent Judgment passed in July 2026
Scope of Section 9 of Arbitration and Conciliation Act, 1996 Answered in a recent Judgment passed in July 2026 S.9 of Arbitration and Concil...
-
Advocate Empanelment Notice by Government Organisation : Last Date to apply to Expire Before 16 January 2026 Advocate Empanelment Last date ...
-
Vacancy for Law Graduates in a Govt Organisation : Remuneration More than Rs. 94,500/- p.m. A Reputed Govt organisation has issued notice fo...
-
Criminal Law : Important Judgments of May 2026 Written in Memory of Late Shri R.P. Mishra, Prayagraj 1. In case of Jagabandhu Jena v. State ...
No comments:
Post a Comment