https://www.taxtmi.com/caselaws?id=261295 The Supreme Court held that the Arbitral Tribunal erred in awarding interest to the respondent contractor despite the contract explicitly prohibiting such payments. Emphasizing the parties' agreement and relevant legal provisions, the Court set aside the Tribunal's decision and directed that no interest be paid on the amount due under the contract. The Court highlighted the arbitrator's obligation to adhere to contract terms regarding interest payments, ultimately allowing the appeal and underscoring the importance of upholding contractual agreements in arbitration disputes. en-us Thu, 02 Jul 2015 00:00:00 +0530 Fri, 27 Oct 2017 12:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261295 The Supreme Court held that the Arbitral Tribunal erred in awarding interest to the respondent contractor despite the contract explicitly prohibiting such payments. Emphasizing the parties' agreement and relevant legal provisions, the Court set aside the Tribunal's decision and directed that no interest be paid on the amount due under the contract. The Court highlighted the arbitrator's obligation to adhere to contract terms regarding interest payments, ultimately allowing the appeal and underscoring the importance of upholding contractual agreements in arbitration disputes. Case-Laws Indian Laws Thu, 02 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261295