Articles for Lite Interest

Arbitration Weekly Roundup: 03rd June 2024 To 09th June 2024
9 months, 2 weeks ago

Arbitration Weekly Roundup: 03rd June 2024 To 09th June 2024

Live Law  

Delhi High Court Section 29A Allows Extension Requests Even After Arbitrator's Mandate Expires: Delhi High Court Case Title: Glowsun Powergen Private Limited Vs Hammond Power Solutions Private Limited Case Number: O.M.P. General Explanation Of Intra-departmental Analysis And Discussions Doesn't Constitute Credible Explanation For Delay In Filing Appeal: Delhi High Court Case Title: Telecommunication Consultants India Ltd Vs Ngbps Ltd Case …

Justice Delhi High Court Arbitration Court Delhi High Court Interest
Delhi High Court Weekly Round-Up: August 07 To August 13, 2023
1 year, 7 months ago

Delhi High Court Weekly Round-Up: August 07 To August 13, 2023

Live Law  

Citations 2023 LiveLaw 656 to 2023 LiveLaw 681 NOMINAL INDEX Bharatiya Pratiraksha Mazdoor Sangh vs Union of India 2023 LiveLaw 656 NATIONAL PROJECTS CONSTRUCTIONS CORPORATION LTD v. M/S INTERSTATE CONSTRUCTION 2023 LiveLaw 657 VIVEK KUMAR & ORS. Delhi High Court Restrains WOW Momo From Using ‘WOW China Bistro’ Mark In Trademark Infringement Suit By ‘China Bistro’ Title: FOODLINK F AND …

Justice Court Google Delhi High Court Delhi Police High Chinese
Arbitrator Can Award Pendente Lite Interest If There Is No Bar Under Contract : Supreme Court
2 years ago

Arbitrator Can Award Pendente Lite Interest If There Is No Bar Under Contract : Supreme Court

Live Law  

The Supreme Court recently reiterated that unless there is a specific bar under the contract, it is always open for the Arbitrator to award pendente lite interest in view of Section 31 of the Arbitration and Conciliation Act 1996. Sundresh, while adjudicating an appeal filed in Indian Railway Construction Company Limited v M/s National Buildings Construction Corporation Limited, has affirmed …

Contract Supreme Court High Court Court Interest Termination Agreement
Power Of Arbitral Tribunal To Award Interest Is Discretionary & Subject To Agreement Between Parties: Supreme Court
2 years, 10 months ago

Power Of Arbitral Tribunal To Award Interest Is Discretionary & Subject To Agreement Between Parties: Supreme Court

Live Law  

The Supreme Court has held that the power of the arbitral tribunal to award interest is subject to an agreement between the parties to the contrary. The Court also held that ordinarily the total amount of sum awarded on which the future interest is to be given would include the principal amount and the amount awarded as interest pendente lite. …

Court Parties Power Agreement Tribunal Held Sum
Arbitral Tribunal Cannot Award Interest On Interest: Delhi High Court
2 years, 11 months ago

Arbitral Tribunal Cannot Award Interest On Interest: Delhi High Court

Live Law  

The High Court of Delhi has observed that the arbitral tribunal cannot award interest on the amount of interest already granted in the award. The Award The respondent claimed damages in respect of airlifting charges and service tax and interest on all the claims. Contention of the parties The petitioner challenged the award on the following grounds: The arbitrator erred …

Delhi High Court Interest Charges Tribunal Held Respondent
Government Contracts, Arbitration And Clause Barring Grant Of Interest
2 years, 11 months ago

Government Contracts, Arbitration And Clause Barring Grant Of Interest

Live Law  

Recent decision of Supreme Court in the case of Union of India vs Manraj Enterprises rendered by Division Bench has held impliedly that the previous decision of co-ordinate Bench in Union of India vs Pradeep Vinod Constructions is not a good law for not considering the three Judge Bench decision in Union of India vs Bright Power Projects Ltd and …

Supreme Court Court Bar Power Case Interest Held
Arbitration Court Reckoner :August-October 2021 (Part 2)
3 years, 2 months ago

Arbitration Court Reckoner :August-October 2021 (Part 2)

Live Law  

This is the second part of the article. Section 31 No scope for adding pre-award interest into the principal amount for calculating post-award interest by applying Section 31 of the Act when the Tribunal has only awarded post-award interest on principal sum In Overeas Drilling Limited v Directorate General Of Hydrocarbons Of India High Court of Delhi was dealing with …

India Delhi Supreme Court High Court Arbitration Interest Patent Illegality
Supreme Court Monthly Digest: October 2021 [Citation: LL 2021 SC 525 To LL 2021 SC 616]
3 years, 3 months ago

Supreme Court Monthly Digest: October 2021 [Citation: LL 2021 SC 525 To LL 2021 SC 616]

Live Law  

Forcing Party To Undergo DNA Test Against Will Impinge On Personal Liberty & Right To PrivacyThe Supreme Court observed that forcing an unwilling party to undergo DNA test impinges on personal liberty and right to privacy. A bench comprising Justices L Nageswara Rao and BR Gavai held that the officers have committed civil contempt of court for not following the …

Karnataka Kerala Delhi Supreme Court High Court Constitution Court
Arbitrator Cannot Grant Pendente Lite Interest If Contract Contains A Specific Clause Expressly Barring Payment Of Interest: Supreme Court
3 years, 5 months ago

Arbitrator Cannot Grant Pendente Lite Interest If Contract Contains A Specific Clause Expressly Barring Payment Of Interest: Supreme Court

Live Law  

The Supreme Court observed that an arbitrator cannot grant pendente lite interest if the contract contains a specific clause which expressly bars payment of interest.Such a contractual clause will not be a violation of Section 28 of the Indian Contract Act, 1872, the bench of Justices S. Abdul Nazeer and Krishna Murari observed. The Supreme Court observed that an arbitrator …

Contract Supreme Court Court Parties Interest Payment Act
Clause Excluding Interest on Security Deposit Not a Bar on Arbitrator to Award Pendente Lite Interest: SC [Read Judgment]
6 years, 8 months ago

Clause Excluding Interest on Security Deposit Not a Bar on Arbitrator to Award Pendente Lite Interest: SC [Read Judgment]

Live Law  

The Supreme Court has held that a clause in an agreement excluding interest on security deposit does not act as a bar on the arbitrator to award pendente lite interest. The court held that Clause 16 cannot be construed as a bar on award of interest pendente lite, as it was only dealing with the arrest of interest on the …

Contract Security Judgment Court Interest Award Deposit
Arbitrator cannot award Pendente Lite Interest, if contract expressly bars the same: SC [Read Judgment]
9 years ago

Arbitrator cannot award Pendente Lite Interest, if contract expressly bars the same: SC [Read Judgment]

Live Law  

The Three Judge Bench of the Apex Court comprising of Justices Ranjan Gogoi, Arun Mishra and Prafulla C. Pant reiterated that if contract expressly bars award of interest pendente lite, the same cannot be awarded by the Arbitrator. The Question Referred Whether Arbitrator can award pendente lite interest when contract contains bar for grant of interest in a case covered …

Contract Arbitration Court Bar Interest Bench Award
Arbitrator cannot award Pendente Lite Interest, if contract expressly bars the same: SC [Read Judgment]
9 years ago

Arbitrator cannot award Pendente Lite Interest, if contract expressly bars the same: SC [Read Judgment]

Live Law  

The Three Judge Bench of the Apex Court comprising of Justices Ranjan Gogoi, Arun Mishra and Prafulla C. Pant reiterated that if contract expressly bars award of interest pendente lite, the same cannot be awarded by the Arbitrator. The Question Referred Whether Arbitrator can award pendente lite interest when contract contains bar for grant of interest in a case covered …

Contract Arbitration Court Bar Interest Bench Award
Significant Judgments On Arbitration And Conciliation Act, 1996 [May 2020 To July 2020]
28 years, 10 months ago

Significant Judgments On Arbitration And Conciliation Act, 1996 [May 2020 To July 2020]

Live Law  

Introduction The Arbitration and Conciliation Act, 1996 has been enacted in order to consolidate and amend the law relating to domestic arbitration, international commercial arbitration and enforcement of foreign arbitral awards as also to define the law relating to conciliation. With regard to applicability of Section 11 of the Arbitration Act to the facts of the instant case, the Delhi …

India London Delhi Supreme Court High Court Arbitration Dispute