https://www.taxtmi.com/article/detailed?id=14461 Grant of post-award interest operates as a statutory mechanism when an arbitral award is silent on interest after the award date. Clause (a) authorizes the tribunal to award pre-award interest subject to party agreement; clause (b) supplies a statutory default post-award rate where the award does not direct otherwise. The tribunal may lawfully award post-award interest on principal or principal plus pre-award interest and must exercise that discretion reasonably; if it does not, executing courts may apply the statutory post-award rate to sums awarded. en-us Wed, 21 May 2025 08:34:32 +0530 Wed, 21 May 2025 08:34:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=14461 Grant of post-award interest operates as a statutory mechanism when an arbitral award is silent on interest after the award date. Clause (a) authorizes the tribunal to award pre-award interest subject to party agreement; clause (b) supplies a statutory default post-award rate where the award does not direct otherwise. The tribunal may lawfully award post-award interest on principal or principal plus pre-award interest and must exercise that discretion reasonably; if it does not, executing courts may apply the statutory post-award rate to sums awarded. Articles Other Topics Wed, 21 May 2025 08:34:32 +0530 https://www.taxtmi.com/article/detailed?id=14461