https://www.taxtmi.com/caselaws?id=304689 A contractual objection to interest in arbitration, if not raised before the tribunal or pursued in the Section 34 challenge and intra-court appeal, is treated as waived and cannot be introduced for the first time in an appeal under Article 136. The material also states that interest on arbitrable claims is not inherently illegal or contrary to public policy, because Section 31(7) of the Arbitration and Conciliation Act, 1996 empowers the arbitral tribunal to award interest subject to the parties' agreement. On that reasoning, interference with the award on the interest issue was unwarranted. en-us Fri, 08 Dec 2017 00:00:00 +0530 Fri, 14 Oct 2022 20:57:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304689 A contractual objection to interest in arbitration, if not raised before the tribunal or pursued in the Section 34 challenge and intra-court appeal, is treated as waived and cannot be introduced for the first time in an appeal under Article 136. The material also states that interest on arbitrable claims is not inherently illegal or contrary to public policy, because Section 31(7) of the Arbitration and Conciliation Act, 1996 empowers the arbitral tribunal to award interest subject to the parties' agreement. On that reasoning, interference with the award on the interest issue was unwarranted. Case-Laws Indian Laws Fri, 08 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304689