High Court's Reduction of Arbitral Interest Rate under U.P. Amendment Act Deemed Unjustified by Section 31(7)(b) Compliance.

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....Arbitral Award - Since the rate of interest granted by the Arbitrator is in accordance with Section 31(7)(b) of the Act of 1996, the High Court and the District Judge were not justified in reducing the rate of interest by following the U.P. Amendment Act.....