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    <title>INTEREST ON ARBITRAL AWARD</title>
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    <description>The arbitral tribunal may award pre reference, pendente lite and post award interest; the power to grant interest for the period before an award is subject to party agreement, and a contractual clause merely stating no interest on delayed or disputed payments does not, by itself, expressly or by necessary implication bar the tribunal from awarding pendente lite interest, whereas post award interest is governed by statute and applies unless the award directs otherwise.</description>
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    <pubDate>Mon, 15 Sep 2025 08:27:03 +0530</pubDate>
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      <description>The arbitral tribunal may award pre reference, pendente lite and post award interest; the power to grant interest for the period before an award is subject to party agreement, and a contractual clause merely stating no interest on delayed or disputed payments does not, by itself, expressly or by necessary implication bar the tribunal from awarding pendente lite interest, whereas post award interest is governed by statute and applies unless the award directs otherwise.</description>
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