Supreme Court of India

Jugal Kishore Prabhatilal Sharma and Ors. v. Vijayendra Prabhatilal Sharma and Anr.

Neutral citation
Bench S. Ranganathan, V. Ramaswami and B.P. Jeevan Reddy JJ.
Decided 22 October 1992

INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.

6 Supreme Court benches have cited this judgment.

What the Court ordered

We hold that the award cannot be vitiated on this ground. (iv) Excise liability - This issue was not pressed before us and the arbitrator's conclusion in this regard is upheld.

Judgment, page 23

From the headnote

Indian Artibitration Act, 1949 : Sections 14, 22, 23, 29, 30, 39 and 41--Reference of dispute to arbitra­ tion by Court in a suit pendinr-Aroitrator has all powers Court has in deciding issues in the suit. Interest pendente lite-Can be awarded where Agreement envisages payment. Interest for pre-reference period-Partnership finn--Dissolved-Dispute relating to valuation of assets of firm-Dissolution deed envisaging grant of Interest only from date of valuation of assets-Reference of dispute to arbitra­ tion prior to Interest Act, 19711--- ward of interest for pre-reference period-­ Held not…

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