https://www.taxtmi.com/caselaws?id=195357 The Supreme Court held that the arbitrator had the authority to award interest for the pre-reference period. It determined that Clause 1.9 of the Contract did not bar the claim for interest as damages. The Court limited the interest rate to 6 per cent but allowed the trial court's discretion to award 15.5 per cent interest. The Court modified the interest rate to 15.5 per cent per annum from the date of the decree till payment, dismissing one appeal and partially allowing another. The judgment of the High Court was modified, confirming the trial court's order. 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 The Supreme Court held that the arbitrator had the authority to award interest for the pre-reference period. It determined that Clause 1.9 of the Contract did not bar the claim for interest as damages. The Court limited the interest rate to 6 per cent but allowed the trial court's discretion to award 15.5 per cent interest. The Court modified the interest rate to 15.5 per cent per annum from the date of the decree till payment, dismissing one appeal and partially allowing another. The judgment of the High Court was modified, confirming the trial court's order. Case-Laws Indian Laws Wed, 11 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195357