https://www.taxtmi.com/caselaws?id=280414 An arbitral award of interest on delayed-payment claims was upheld because the claim had crystallised as part of the principal amount, so it was not treated as a bare claim for interest upon interest; Section 3 of the Interest Act was therefore held irrelevant. The limitation objection also failed because it was not properly pleaded before the arbitrators and lacked the necessary factual foundation in the pleadings or evidence, particularly in the context of running bills and staggered payments. The award and decree were sustained, and the appeal was dismissed 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 An arbitral award of interest on delayed-payment claims was upheld because the claim had crystallised as part of the principal amount, so it was not treated as a bare claim for interest upon interest; Section 3 of the Interest Act was therefore held irrelevant. The limitation objection also failed because it was not properly pleaded before the arbitrators and lacked the necessary factual foundation in the pleadings or evidence, particularly in the context of running bills and staggered payments. The award and decree were sustained, and the appeal was dismissed without costs. Case-Laws Indian Laws Fri, 23 Apr 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280414