https://www.taxtmi.com/caselaws?id=442006 In arbitration governed by the Arbitration and Conciliation Act, 1996, the tribunal's power to award post-award interest under Section 31(7)(b) operates unless the award provides otherwise, and the court cannot revise that rate merely because a lower rate appears more appropriate. The court's jurisdiction under Sections 34 and 37 is limited to the statutory grounds for setting aside an award and does not extend to modifying the interest component. The High Court's reduction of compound interest to simple interest was therefore unwarranted, and the arbitral award was restored on the question of interest. en-us Fri, 11 Aug 2023 00:00:00 +0530 Fri, 19 Dec 2025 13:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442006 In arbitration governed by the Arbitration and Conciliation Act, 1996, the tribunal's power to award post-award interest under Section 31(7)(b) operates unless the award provides otherwise, and the court cannot revise that rate merely because a lower rate appears more appropriate. The court's jurisdiction under Sections 34 and 37 is limited to the statutory grounds for setting aside an award and does not extend to modifying the interest component. The High Court's reduction of compound interest to simple interest was therefore unwarranted, and the arbitral award was restored on the question of interest. Case-Laws Indian Laws Fri, 11 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442006