https://www.taxtmi.com/caselaws?id=160687 In direct arbitration references made otherwise than in a suit, an arbitrator cannot award pendente lite interest under Section 34 of the Code of Civil Procedure, 1908, because that power is confined to court proceedings. Pre-proceeding interest depends on the governing legal basis: for references predating the Interest Act, 1978, it requires agreement, trade usage with the force of law, or other substantive statutory entitlement; for references governed by the 1978 Act, interest may be awarded where the Act applies. The analysis also distinguishes arbitrations in suits, where the court's powers may extend to the arbitrator. en-us Tue, 22 Sep 1987 00:00:00 +0530 Fri, 25 Jul 2014 16:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=160687 In direct arbitration references made otherwise than in a suit, an arbitrator cannot award pendente lite interest under Section 34 of the Code of Civil Procedure, 1908, because that power is confined to court proceedings. Pre-proceeding interest depends on the governing legal basis: for references predating the Interest Act, 1978, it requires agreement, trade usage with the force of law, or other substantive statutory entitlement; for references governed by the 1978 Act, interest may be awarded where the Act applies. The analysis also distinguishes arbitrations in suits, where the court's powers may extend to the arbitrator. Case-Laws Companies Law Tue, 22 Sep 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=160687