Interest at 38.85% under Section 16 of the MSMED Act granted under Ad-hoc Arbitration is legal.
In this case, the Arbitral Award was passed for Rs.6,56,84,982/- with 38.85% interest from the date of award in the
Read MoreIn this case, the Arbitral Award was passed for Rs.6,56,84,982/- with 38.85% interest from the date of award in the
Read MoreOn 16.10.2023 at 10.30 am, the virtual hearing was held for pronouncement of the Award. During hearing, the procedural order
Read MoreOnce it is evident that an arbitration agreement is in existence, it is in the domain of the arbitral Tribunal
Read MoreIn the arbitration proceedings as per the agreement dated 24.5.2018 in respect of tender to run the sand block, the
Read MoreOn 8.10.2004, the appellant took comprehensive Standard Fire and Special Perils Insurance Policy from the Respondent for insuring its processing,
Read MoreThe appellant and GPL were partners in a Joint Venture for development of power plant. The appellant and the respondent
Read MoreRespondent No.3 Black Canyon SEZ (BCS) initiated arbitration against the Respondent No.1 Shapoorji Pallonji & Com (SPC) in relation to
Read MoreOn 3.10.2008, there was agreement between appellant Ashoka Buildcon Ltd (ABL) and respondent no.2 Maharashtra State Electricity Distribution Company Ltd
Read MoreArbitral Award – Liquidated damages for delay in completion of the project – Sections 55, 73 and 74 of the
Read MoreOn 22.12.2007, the Arbitral Award for Rs.2,62,02,434/- was passed in favour of the appellant and rejected the counter claims of
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