https://www.taxtmi.com/caselaws?id=282526 Under Section 31(7)(b) of the Arbitration and Conciliation Act, 1996, where an arbitral award does not itself provide for post-award interest, the statutory rate applies until payment. The Supreme Court treated deposit of the entire award amount in court as payment because it amounted to satisfaction of the award and extinguishment of liability. On that basis, post-award interest ceased from the date of the deposit, and no further interest accrued thereafter. en-us Mon, 12 Mar 2012 00:00:00 +0530 Thu, 10 Jul 2025 16:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282526 Under Section 31(7)(b) of the Arbitration and Conciliation Act, 1996, where an arbitral award does not itself provide for post-award interest, the statutory rate applies until payment. The Supreme Court treated deposit of the entire award amount in court as payment because it amounted to satisfaction of the award and extinguishment of liability. On that basis, post-award interest ceased from the date of the deposit, and no further interest accrued thereafter. Case-Laws Indian Laws Mon, 12 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282526