https://www.taxtmi.com/caselaws?id=413198 An express contractual bar on interest on "any moneys due" was held wide enough to include the arbitral award amount, so pendente lite interest could not be granted under Section 31(7)(a) of the Arbitration and Conciliation Act, 1996 where the parties had agreed otherwise. The clause was also held not to be ultra vires Section 28 of the Indian Contract Act, 1872, because it did not extinguish the right to pursue arbitration; it only excluded interest as part of recoverable relief. The contractual exclusion of interest therefore prevailed. en-us Mon, 04 Oct 2021 00:00:00 +0530 Wed, 01 Oct 2025 14:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413198 An express contractual bar on interest on "any moneys due" was held wide enough to include the arbitral award amount, so pendente lite interest could not be granted under Section 31(7)(a) of the Arbitration and Conciliation Act, 1996 where the parties had agreed otherwise. The clause was also held not to be ultra vires Section 28 of the Indian Contract Act, 1872, because it did not extinguish the right to pursue arbitration; it only excluded interest as part of recoverable relief. The contractual exclusion of interest therefore prevailed. Case-Laws Indian Laws Mon, 04 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413198