Arbitration and Conciliation Act, 1996, Section 31(7)(a) and (b)

Arbitration and Conciliation Act, 1996—Section 31(7)(a) and (b)—Where the Arbitrator has not exercised any discretion in the matter pertaining to the interest for the post-award period, the award, held, would carry interest @ 18% p.a. from the date of the award till the date of payment—Further held, the date of payment means the date on which the entire award amount is deposited in the court. 



File Name:- SC_MARCH 2012_7