Supreme Court of India: Can the Arbitrator Award Pendente Lite Interest When the Agreement Between the Parties Specifically Prohibits It?

In Jaiprakash Associates Ltd. v. Tehri Hydro Development Corporation India Ltd. Civil Appeal No(s). 1539 of 2019 decided on 7 February 2019, the Supreme Court of India addressed the issue of whether the Arbitrators could award any interest in view of specific clauses in the Agreement between the parties which categorically provide that no interest…

Indian Supreme Court: Whether reference to arbitration in terms of 1940 Act (in an agreement signed after 1996 Act came into force) was such a fundamental mistake to invalidate the entire arbitration clause such that there could not be any reference to arbitration at all?

In Purushottam s/o Tulsiram Badwaik v. Anil & Ors. (Civil Appeal No.4664 OF 2018(Arising out of SLP (Civil) No.14589 of 2016)) dated 2nd May 2018, the Supreme Court of India, addressed the issue of whether reference to arbitration in terms of Indian Arbitration Act, 1940 (in an agreement signed after the new Indian Arbitration Act,…