https://www.taxtmi.com/caselaws?id=160702 An arbitrator can award interest for the pre-reference period in references made after the commencement of the Interest Act, 1978. The distinction between pendente lite interest and pre-reference interest is material: the earlier Constitution Bench ruling on pendente lite interest did not decide the pre-reference question. Subsequent authority confirmed that the 1978 regime preserves competence to grant pre-reference interest for the relevant period, and the contrary view was incorrect. The disallowance of that interest component was therefore set aside and the award was restored to that extent. en-us Thu, 16 Nov 1995 00:00:00 +0530 Tue, 05 May 2020 19:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=160702 An arbitrator can award interest for the pre-reference period in references made after the commencement of the Interest Act, 1978. The distinction between pendente lite interest and pre-reference interest is material: the earlier Constitution Bench ruling on pendente lite interest did not decide the pre-reference question. Subsequent authority confirmed that the 1978 regime preserves competence to grant pre-reference interest for the relevant period, and the contrary view was incorrect. The disallowance of that interest component was therefore set aside and the award was restored to that extent. Case-Laws Indian Laws Thu, 16 Nov 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=160702