The Law, which is covered herein spans more than sixty-two years of the Supreme Court's rulings on this subject and the bare text of the relevant section of the Arbitration Act, 1940 and the Arbitration and Conciliation Act, 1996; S.34 CPC and the two Interest Acts of 1839 and 1978.
In an age when long standing interim arrangements are what dispute resolution culminates in, the award of interest assumes critical importance, especially in commercial disputes. Alive to this, the Editors at SCC have painstakingly extracted nearly every single ruling on the award of interest across a broad spectrum of disputes from judgments of the Supreme Court from 1950 till date, which has resulted in this unique compendium. The reader can thus simultaneously study the bare text of the relevant statutory provisions and this comprehensive compendium of Supreme Court case law on the award of interest.
Table Of Contents:
2. Arbitral matters/power of arbitrator to award interest