https://www.taxtmi.com/caselaws?id=295898 Section 31(7) of the Arbitration and Conciliation Act, 1996 was interpreted to permit post-award interest on the entire awarded sum, including pre-award interest merged into the award. The majority held that the expression "sum directed to be paid" in Section 31(7)(b) refers to the aggregate amount awarded, and that earlier authorities under the Arbitration Act, 1940 and Section 34 CPC could not control this interpretation. The contrary view in S.L. Arora, which treated the provision as excluding interest on interest, was held to be incorrect. The dissent read "sum" as principal only and denied post-award interest on pre-award interest. en-us Tue, 25 Nov 2014 00:00:00 +0530 Thu, 16 Jun 2022 11:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295898 Section 31(7) of the Arbitration and Conciliation Act, 1996 was interpreted to permit post-award interest on the entire awarded sum, including pre-award interest merged into the award. The majority held that the expression "sum directed to be paid" in Section 31(7)(b) refers to the aggregate amount awarded, and that earlier authorities under the Arbitration Act, 1940 and Section 34 CPC could not control this interpretation. The contrary view in S.L. Arora, which treated the provision as excluding interest on interest, was held to be incorrect. The dissent read "sum" as principal only and denied post-award interest on pre-award interest. Case-Laws Indian Laws Tue, 25 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295898