Supreme Court of India

Jaiprakash Associates Ltd. (jal) through its Director v. Tehri Hydro Development Corporation India Ltd.

Neutral citation
Bench A.K. Sikri, S. Abdul Nazeer and M. R. Shah JJ.
Decided 7 February 2019

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 and Conciliation Act, 1996: s. 31(7)(a) – Power of arbitrator to award pendente-lite interest – Arbitral Tribunal while allowing the claims, also granted pendente- lite interest – Objection to award of interest in view of clauses 50 and 51 of General Conditions of Contract which barred grant of interest – Single Judge of High Court quashed the award limited to the interest – Order of Single Judge affirmed by Division Bench of High Court – On appeal, held: As the clauses 50 and 51 of General Conditions of Contract put a bar on arbitral Tribunal to award interest, arbitral Tribunal…

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