No pre-award or pendente lite interest, even as compensation, when contract bars it; SC upholds post-award interest
The Arbitral Tribunal was justified in awarding post-award interest, but the rate of interest required modification.
Post-Award Interest
Unravelling the Conundrum Behind the Interpretation of Interest Clauses vis-à-vis the Arbitrator’s Power to Award Interest
by Dinesh Babu Eedi*, Parth Agrawal** and CL Minati***
Pre-Award, Pendente Lite, and Post-Award Interest in Arbitration: Decoding the Supreme Court’s Perspective
by Vasanth Rajasekaran† and Harshvardhan Korada††