https://www.taxtmi.com/caselaws?id=770852 Section 31(7) of the Arbitration and Conciliation Act, 1996 permits the tribunal to award interest for the pre-award period, including both pre-reference and pendente lite stages, and to apply different rates to sub-periods where justified. It also permits post-award interest on the composite sum awarded, which may include accrued pre-award interest, unless the award provides otherwise. The text rejects the view that such treatment is confined to a single unbroken rate or necessarily amounts to impermissible compound interest, and confirms that the award may validly carry post-award interest on the amount as determined. en-us Thu, 15 May 2025 00:00:00 +0530 Sat, 17 May 2025 08:39:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770852 Section 31(7) of the Arbitration and Conciliation Act, 1996 permits the tribunal to award interest for the pre-award period, including both pre-reference and pendente lite stages, and to apply different rates to sub-periods where justified. It also permits post-award interest on the composite sum awarded, which may include accrued pre-award interest, unless the award provides otherwise. The text rejects the view that such treatment is confined to a single unbroken rate or necessarily amounts to impermissible compound interest, and confirms that the award may validly carry post-award interest on the amount as determined. Case-Laws Indian Laws Thu, 15 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770852