https://www.taxtmi.com/caselaws?id=160699 An arbitrator's power to award pre-reference interest was examined against the Interest Act, 1839 and the later enlargement under the Interest Act, 1978. The text notes that pre-reference interest was not generally available under the 1839 Act, while the 1978 Act expanded that position. However, the award granted only a lump sum as interest without identifying the period or rate, and the record did not show whether it covered only pre-reference interest or also pendente lite interest. In those circumstances, it was considered unsafe to treat the award as necessarily contrary to the law then in force, and the matter was not reopened after a long delay. en-us Tue, 12 Jan 1993 00:00:00 +0530 Mon, 23 Dec 2013 12:28:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=160699 An arbitrator's power to award pre-reference interest was examined against the Interest Act, 1839 and the later enlargement under the Interest Act, 1978. The text notes that pre-reference interest was not generally available under the 1839 Act, while the 1978 Act expanded that position. However, the award granted only a lump sum as interest without identifying the period or rate, and the record did not show whether it covered only pre-reference interest or also pendente lite interest. In those circumstances, it was considered unsafe to treat the award as necessarily contrary to the law then in force, and the matter was not reopened after a long delay. Case-Laws Companies Law Tue, 12 Jan 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=160699