https://www.taxtmi.com/caselaws?id=274121 An arbitrator may award pendente lite interest where the contract is silent, as that power is treated as an implied incident of the reference and lies within arbitral discretion. Where the agreement expressly prohibits payment or grant of interest, that contractual bar prevails and the arbitrator has no jurisdiction to award pendente lite interest. Applying settled Supreme Court authority, the court held that an express exclusion clause removes the power to grant such interest, and the portion of the award sustaining pendente lite interest was set aside. en-us Fri, 24 Feb 2012 00:00:00 +0530 Mon, 30 Jul 2018 12:50:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274121 An arbitrator may award pendente lite interest where the contract is silent, as that power is treated as an implied incident of the reference and lies within arbitral discretion. Where the agreement expressly prohibits payment or grant of interest, that contractual bar prevails and the arbitrator has no jurisdiction to award pendente lite interest. Applying settled Supreme Court authority, the court held that an express exclusion clause removes the power to grant such interest, and the portion of the award sustaining pendente lite interest was set aside. Case-Laws Indian Laws Fri, 24 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274121