Section 31(7) of The Arbitration Act X
Sub-Section 7 of Section 31 deals with pre-award and post-award interest. Hyder Consulting (UK) Limited v. Governor, State of Orissa (2015) 2 SCC 189 overruled State of Haryana v. S.L. Arora, (2010) 3 SCC 690. Justice Sapre was of view, Arbitrator only has discretion to determine rate of post-award interest. Justice Bobde did not […]
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