Supreme Court of India: Power to Grant Pre & Post Award Interest in India

In Vedanta Limited vs Shenzhen Shandong Nuclear Power, Civil Appeal No.10394 of 2018, decided on 11 October 2018, the Supreme Court of India set the parameters for the arbitral tribunal to award interest in international commercial arbitrations. While doing so, the Court noticed that the current practice of awarding interest in international commercial arbitrations is…