Supreme Court of India

Reliance Cellulose Products Ltd. v. Oil and Natural Gas Corporation Ltd.

Neutral citation
Bench R. F. Nariman and Indu Malhotra JJ.
Decided 20 July 2018

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.

5 Supreme Court benches have cited this judgment.

From the headnote

Arbitration Act, 1940 - Pre-reference, pendente lite interest and future interest – Power of arbitrator to award – On facts, disputes between parties referred to arbitration with regard to price for supply of goods – Fixation of price by arbitrator and award of pre-reference, pendente lite and future interest all at the rate of 18% per annum – Reduction of the interest to 10% per annum by the Civil Judge – High Court upheld the same – On appeal, held: Under the Arbitration Act, an arbitrator has power to grant pre-reference interest under the Interest Act, as well as pendente lite and future…

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