Power Of An Arbitrator To Grant Interest And Scope Of Interference By The Courts

AUTHORED BY: GAURAV PURI (MANAGING PARTNER, GLS LAW OFFICES) DHRUV SRIVASTAVA (LEGAL PROFESSIONAL) INTRODUCTION: The Arbitration Act, 1940 (The 1940 Act) [i] provided for no such prohibition for an arbitrator to award interest: pre-reference, pendente lite [ii] or post-award. The adoption of the Arbitration and Conciliation Act, 1996 (The  Act) [iii] has drawn a clear […]