https://www.taxtmi.com/caselaws?id=459044 An arbitral award may be sustained where the objection that the arbitrator lacked jurisdiction to grant demurrage charges under the agreement is not accepted, and the demurrage component remains upheld. Where the interest awarded is found to be excessive on its face, the Court may interfere by reducing that component, while leaving the decree interest unaffected. The arbitral interest was therefore reduced to 9%, with the award otherwise substantially confirmed. en-us Wed, 25 Apr 2001 00:00:00 +0530 Wed, 27 Nov 2024 14:15:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459044 An arbitral award may be sustained where the objection that the arbitrator lacked jurisdiction to grant demurrage charges under the agreement is not accepted, and the demurrage component remains upheld. Where the interest awarded is found to be excessive on its face, the Court may interfere by reducing that component, while leaving the decree interest unaffected. The arbitral interest was therefore reduced to 9%, with the award otherwise substantially confirmed. Case-Laws Indian Laws Wed, 25 Apr 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459044