https://www.taxtmi.com/caselaws?id=280414 The Court affirmed the Arbitrators' power to grant interest on the principal amount, rejecting the appellant's argument against further interest on the same claims. It clarified that interest is awarded on the claim made, not on the interest awarded, including the balance amount claimed under invoices, interest on delayed payment, and compensation for delayed payment. The Court ruled that the law of limitation did not bar the claim for interest on delayed payments due to insufficient pleading before the Arbitrators, ultimately dismissing the appeal without costs. en-us Fri, 23 Apr 1999 00:00:00 +0530 Sat, 04 May 2019 11:04:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280414 The Court affirmed the Arbitrators' power to grant interest on the principal amount, rejecting the appellant's argument against further interest on the same claims. It clarified that interest is awarded on the claim made, not on the interest awarded, including the balance amount claimed under invoices, interest on delayed payment, and compensation for delayed payment. The Court ruled that the law of limitation did not bar the claim for interest on delayed payments due to insufficient pleading before the Arbitrators, ultimately dismissing the appeal without costs. Case-Laws Indian Laws Fri, 23 Apr 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280414