https://www.taxtmi.com/caselaws?id=778972 SC allowed the appeal, set aside the HC's order and restored the executing court's position. The Court held that under Section 31(7) of the Arbitration and Conciliation Act the parties' agreement governs interest prior to the award and limits the tribunal's discretion; the tribunal faithfully applied the MoU which did not provide for compound interest. Since the award granted interest until repayment and omitted compounding, the respondent cannot seek compound interest at execution without rewriting the award. The HC was unjustified in remanding the matter. en-us Wed, 24 Sep 2025 00:00:00 +0530 Fri, 26 Sep 2025 08:26:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778972 SC allowed the appeal, set aside the HC's order and restored the executing court's position. The Court held that under Section 31(7) of the Arbitration and Conciliation Act the parties' agreement governs interest prior to the award and limits the tribunal's discretion; the tribunal faithfully applied the MoU which did not provide for compound interest. Since the award granted interest until repayment and omitted compounding, the respondent cannot seek compound interest at execution without rewriting the award. The HC was unjustified in remanding the matter. Case-Laws Indian Laws Wed, 24 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778972