https://www.taxtmi.com/highlights?id=59979 Scope of the Arbitration - Denial of pendente lite interest on the award amount - if the contract contains a specific clause which expressly bars payment of interest, then it is not open for the arbitrator to grant pendente lite interest - the High Court was justified in rejecting the claim of the appellant seeking pendente lite interest on the award amount. - Clause 17 of the contract is not ultra vires in terms of Section 28 of the Indian Contract Act, 1872 - SC en-us Wed, 06 Oct 2021 08:48:22 +0530 Wed, 06 Oct 2021 08:48:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=59979 Scope of the Arbitration - Denial of pendente lite interest on the award amount - if the contract contains a specific clause which expressly bars payment of interest, then it is not open for the arbitrator to grant pendente lite interest - the High Court was justified in rejecting the claim of the appellant seeking pendente lite interest on the award amount. - Clause 17 of the contract is not ultra vires in terms of Section 28 of the Indian Contract Act, 1872 - SC Highlights Indian Laws Wed, 06 Oct 2021 08:48:22 +0530 https://www.taxtmi.com/highlights?id=59979