https://www.taxtmi.com/caselaws?id=128113 An arbitrator may award pre-reference interest where the arbitration agreement is silent and does not prohibit such interest, even in disputes arising before the Interest Act, 1978. The Supreme Court held that the broader principles supporting pendente lite interest also apply to the pre-reference period, because a party deprived of money lawfully due is entitled to compensation and arbitration is meant to resolve all disputes in accordance with the contract and general law. The contrary view requiring a separate contractual, trade usage, or substantive-law basis was overruled prospectively. en-us Wed, 10 Jan 2001 00:00:00 +0530 Thu, 08 Jan 2026 17:29:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=128113 An arbitrator may award pre-reference interest where the arbitration agreement is silent and does not prohibit such interest, even in disputes arising before the Interest Act, 1978. The Supreme Court held that the broader principles supporting pendente lite interest also apply to the pre-reference period, because a party deprived of money lawfully due is entitled to compensation and arbitration is meant to resolve all disputes in accordance with the contract and general law. The contrary view requiring a separate contractual, trade usage, or substantive-law basis was overruled prospectively. Case-Laws Indian Laws Wed, 10 Jan 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=128113