https://www.taxtmi.com/caselaws?id=160707 Where an arbitration agreement is silent and does not prohibit interest, an arbitrator has jurisdiction to award pendente lite interest on a referred claim. The Court applied the principle underlying Section 34 of the Code of Civil Procedure by analogy, reasoning that an arbitrator is intended to resolve the entire dispute and may grant the relief a court could have granted in the circumstances. It rejected any absolute rule that earlier decisions deny such power, noted that parties may confer wider authority by agreement, and treated denial of interest power as likely to create multiplicity of proceedings. The award of interest remains subject to the arbitrator's discretion on the facts. en-us Thu, 12 Dec 1991 00:00:00 +0530 Fri, 11 Jan 2019 13:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=160707 Where an arbitration agreement is silent and does not prohibit interest, an arbitrator has jurisdiction to award pendente lite interest on a referred claim. The Court applied the principle underlying Section 34 of the Code of Civil Procedure by analogy, reasoning that an arbitrator is intended to resolve the entire dispute and may grant the relief a court could have granted in the circumstances. It rejected any absolute rule that earlier decisions deny such power, noted that parties may confer wider authority by agreement, and treated denial of interest power as likely to create multiplicity of proceedings. The award of interest remains subject to the arbitrator's discretion on the facts. Case-Laws Indian Laws Thu, 12 Dec 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=160707