https://www.taxtmi.com/caselaws?id=113971 Where the arbitration agreement does not prohibit it, an arbitrator may award reasonable interest for the pre-reference, pendente lite and post-award periods, reflecting compensation for wrongful deprivation of money and avoiding multiplicity of proceedings. The denial of such interest to one party while comparable interest on the other side's counterclaim is left undisturbed is inconsistent with settled law and amounts to unequal treatment of similarly situated parties. The arbitral award of interest was therefore restored, with costs. en-us Mon, 19 Oct 2009 00:00:00 +0530 Thu, 06 Oct 2016 11:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113971 Where the arbitration agreement does not prohibit it, an arbitrator may award reasonable interest for the pre-reference, pendente lite and post-award periods, reflecting compensation for wrongful deprivation of money and avoiding multiplicity of proceedings. The denial of such interest to one party while comparable interest on the other side's counterclaim is left undisturbed is inconsistent with settled law and amounts to unequal treatment of similarly situated parties. The arbitral award of interest was therefore restored, with costs. Case-Laws Companies Law Mon, 19 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113971