ILC-2011-SC-ARB-Jul-1
Union of India Vs. M/s. Krafters Engineering & Leasing (P) Ltd
Arbitral Award - Arbitral Award
Arbitration petition - Challenging the award given by the Umpire with regard to interest granted - Whether an arbitrator has jurisdiction to grant interest despite the agreement prohibiting the same - No - Supreme Court - Specific prohibition of contract contained in Clause 1.15, the arbitrator ceases to have the power to grant interest. The bar under clause 1.15 is absolute and interest cannot be awarded without rewriting the contract - Award of the arbitrator granting interest in respect of the amount payable to the contractor under the contract set aside - Appeal allowed - No costs.
Topic(s)-
Important Decision(s)-
ILC-2011-SC-ARB-Aug-1
M/S. Milkfood Pvt. Ltd. Vs. M/S. Gmc Ice Cream (P) Ltd.
ILC-2011-SC-ARB-Apr-2
M/s. J.G. Engineers Pvt. Ltd. Vs. Union of India & another
ILC-2011-SC-ARB-Apr-1
Union of India & others Vs. M/s. Master Construction Co.
ILC-2011-SC-ARB-Mar-3
Booz-Allen & Hamilton Inc. Vs. SBI Home Finance Ltd. & others
ILC-2011-SC-ARB-Mar-2
Deutsche Post Bank Home Finance Ltd. Vs. Taduri Sridhar & another
ILC-2011-SC-ARB-Mar-1
Omnia Technologies P. Ltd. Vs.W.M.A. Van Loosbroek
ILC-2011-SC-ARB-Feb-4
State of Maharashtra & others Vs. M/s. ARK Builders Pvt. Ltd.
ILC-2011-SC-ARB-Feb-3
M/s. APS Kushwaha (SSI Unit) Vs. Municipal Corporation, Gwalior and others
ILC-2011-SC-ARB-Feb-2
Union of India & another Vs. Shankari Devi & another