Arbitration Case Review: Interest Calculation Conflicts with Commercial Courts Act, Limits Set to Arbitration Invocation Date.

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....Aggregate value of claims and counter-claims in arbitration - The petitioner's calculation of Specified Value, including various interest components and GST, was found to conflict with Section 12(2) of the Commercial Courts Act, 2015. The Court determined that interest should be calculated only up to the date of invocation of arbitration and not until the filing of the petition. - HC....