Arbitration Law - Indian Arbitration Act, 1940 - Section 29 - Interest on awards

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Arbitration Law
Bare Acts

Indian Arbitration Act, 1940
Section 1-49

Section 1

Short title, extent and commencement

Section 2

Definitions

Section 3

Provisions implied in arbitration agreement

Section 4

Agreement that arbitrators be appointed by the third party.

Section 5

Authority of appointed arbitrator or umpire irrevocable except by leave of Court.

Section 6

Arbitration agreement not to be discharged by death of party thereto.

Section 7

Provisions in case of insolvency.

Section 8

Power of Court to appoint arbitrator or umpire.

Section 9

Power to party to appoint new arbitrator or in certain cases, a solearbitrator

Section 10

Provisions as to appointment of three or more arbitrators

Section 11

Power to Court to remove arbitrators or umpire in certaincircumstances

Section 12

Power of Court where arbitrator is removed or his authority revoked.

Section 13

Powers of arbitrator

Section 14

Award to be signed and filed

Section 15

Power of Court to modify award

Section 16

Power to remit award

Section 17

Judgment in terms of award

Section 18

Power of Court to pass interim orders

Section 19

Power to supersede arbitration where award becomes void or is setaside

Section 20

Application to file in Court arbitration agreement

Section 21

Parties to suit may apply for order of reference

Section 22

Appointment of arbitrator

Section 23

Order of reference

Section 24

Reference to arbitration by some of ht parties

Section 25

Provisions applicable to arbitrations under this Chapter.

Section 26

Application of Chapter

Section 27

Power of arbitrators to make an interim award

Section 28

Power to Court only to enlarge time for making award.

Section 29

Interest on awards

Section 30

Grounds for setting aside award

Section 31

Jurisdiction

Section 32

Bar to suits contesting arbitration agreement or award

Section 33

Arbitration agreement or award to be contested by application

Section 34

Power to stay legal proceedings where there is an arbitrationagreement

Section 35

Effect of legal proceedings on arbitration

Section 36

Power of Court, where arbitration agreement is ordered not to apply to a particular difference, to order that a provision making an award a condition precedent to an action shall not apply to such diffference.

Section 37

Limitations

Section 38

Disputes as to arbitrators remuneration or costs

Section 39

Appealable orders

Section 40

Small Cause Court not to have jurisdiction over arbitrations savearbitrations in suits before it

Section 41

Procedure and powers of Court

Section 42

Service of notice by party or arbitrator

Section 43

Power of Court to issue processes for appearance before arbitrator

Section 44

Power to High Court to make rules

Section 45

Government to be bound

Section 46

Application of Act to statutory arbitrations

Section 47

Act to apply to all arbitrations

Section 48

Saving for pending references

Section 49

Repeals and amendments

Section 29- Interest on awards

Where and in so far is an award is for the payment of money the Court may in the decree order interest, from the date of the decree at such rate as the Court deems reasonable, to be paid on the principal sum as adjudged by the award and confirmed by the decree.

Indian Arbitration Act, 1940

Section(s)

1 - 49

Judgement(s) Found in :
Indian Arbitration Act, 1940
Section 29

ILC-2016-SC-ARB-Mar-1

Union Of India Vs. M/s Ambica Construction

ILC-2012-SC-ARB-Sep-4

Tehri Hydro Development Corporation Ltd. Vs. Jai Prakash Association Ltd.

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