https://www.taxtmi.com/caselaws?id=309706 An arbitral award carrying interest till payment, once the Section 34 challenge failed, had to be executed as a decree according to its terms. Filing execution proceedings did not stop decretal interest, and attachment of monies was only a securing device, not payment to the decree holder. Applying Order 21 Rule 1 CPC, interest ceases when the amount is deposited in court with notice or otherwise becomes releasable to the decree holder, not on the date of actual disbursement. The decree holder was therefore entitled to interest only until 6 January 2009, when the amount became releasable, and not until 15 January 2009, when release was made. en-us Wed, 18 Mar 2009 00:00:00 +0530 Mon, 18 Sep 2023 15:23:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309706 An arbitral award carrying interest till payment, once the Section 34 challenge failed, had to be executed as a decree according to its terms. Filing execution proceedings did not stop decretal interest, and attachment of monies was only a securing device, not payment to the decree holder. Applying Order 21 Rule 1 CPC, interest ceases when the amount is deposited in court with notice or otherwise becomes releasable to the decree holder, not on the date of actual disbursement. The decree holder was therefore entitled to interest only until 6 January 2009, when the amount became releasable, and not until 15 January 2009, when release was made. Case-Laws Indian Laws Wed, 18 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309706