https://www.taxtmi.com/caselaws?id=763435 The SC dismissed an appeal regarding post-award interest calculation under Section 31(7) of the Arbitration and Conciliation Act, 1996. The court held that post-award interest at 18% should be calculated on the total awarded sum, including any pre-award interest from cause of action to award date. The arbitrator retained jurisdiction to issue clarification as the court had permitted the respondent to seek such clarification, and the appellant had participated in the proceedings. The HC Division Bench order was upheld, confirming that awarded amounts carry further interest from award date to payment date unless otherwise directed. en-us Tue, 17 Dec 2024 00:00:00 +0530 Fri, 20 Dec 2024 08:46:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763435 The SC dismissed an appeal regarding post-award interest calculation under Section 31(7) of the Arbitration and Conciliation Act, 1996. The court held that post-award interest at 18% should be calculated on the total awarded sum, including any pre-award interest from cause of action to award date. The arbitrator retained jurisdiction to issue clarification as the court had permitted the respondent to seek such clarification, and the appellant had participated in the proceedings. The HC Division Bench order was upheld, confirming that awarded amounts carry further interest from award date to payment date unless otherwise directed. Case-Laws Indian Laws Tue, 17 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763435