https://www.taxtmi.com/caselaws?id=195357 After the Interest Act, 1978, an arbitrator may award pre-reference interest where the claim arose after the Act commenced, and that objection failed. Clause 1.9 of the contract was construed as applying to interest or damages on sums retained by the Government, not to unpaid work bills, so it did not bar the interest claim. Objections attacking the merits of the award were not open under Section 30 of the Arbitration Act, 1940. The court also held that a clause limiting the arbitrator's power did not curtail judicial discretion to award decretal interest, so reduction from 15.5% to 6% was unjustified. en-us Wed, 11 Nov 1998 00:00:00 +0530 Fri, 27 Oct 2017 11:28:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195357 After the Interest Act, 1978, an arbitrator may award pre-reference interest where the claim arose after the Act commenced, and that objection failed. Clause 1.9 of the contract was construed as applying to interest or damages on sums retained by the Government, not to unpaid work bills, so it did not bar the interest claim. Objections attacking the merits of the award were not open under Section 30 of the Arbitration Act, 1940. The court also held that a clause limiting the arbitrator's power did not curtail judicial discretion to award decretal interest, so reduction from 15.5% to 6% was unjustified. Case-Laws Indian Laws Wed, 11 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195357