https://www.taxtmi.com/caselaws?id=160670 Pre-reference interest depends on the applicable substantive law or an express contractual basis, and under the Interest Act, 1978 it may be awarded for claims arising after the Act's commencement unless the contract expressly prohibits it; a clause excluding interest on withheld amounts was read narrowly and did not bar interest on the adjudicated balance. Pendente lite interest may be awarded by an arbitrator where the agreement is silent and does not bar interest, and post-award interest may also be granted, subject to the court's control over interest from decree to payment when the award is made a decree under Section 29 of the Arbitration Act. en-us Wed, 29 Jan 1997 00:00:00 +0530 Fri, 03 May 2019 12:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=160670 Pre-reference interest depends on the applicable substantive law or an express contractual basis, and under the Interest Act, 1978 it may be awarded for claims arising after the Act's commencement unless the contract expressly prohibits it; a clause excluding interest on withheld amounts was read narrowly and did not bar interest on the adjudicated balance. Pendente lite interest may be awarded by an arbitrator where the agreement is silent and does not bar interest, and post-award interest may also be granted, subject to the court's control over interest from decree to payment when the award is made a decree under Section 29 of the Arbitration Act. Case-Laws Indian Laws Wed, 29 Jan 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=160670