Under Arbitration Act 1940, general contract term no bar to grant Pendente lite interest.
April 2, 2025
arbitration, Supreme Court
Under Arbitration Act 1940, clauses in contract merely barring contractor from claiming interest is no bar on arbitrator to grant Pendente lite interest. In a recent judgment, the Hon’ble Supreme Court had upheld grant of Pendente lite interest by the Arbitrator holding that under the provisions of the 1940 …
