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 …
The matter involving incomplete Amrapali Real Estate projects came up for consideration again before a Supreme Court Bench comprising of Justices Arun Mishra and UU Lalit on Friday, where a number of aspects were discussed and certain orders were passed. Payment of Dues to Noida/Greater Noida Authorities The Court modified its previous order regarding rate of interest which would apply …
