Supreme Court of India
Union of India v. Manraj Enterprises
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.
1 Supreme Court bench has cited this judgment.
What the Court ordered
We hold that the learned Arbitrator in the instant case has erred in awarding pendente lite and future interest on the amount due and payable to the contractor under the contract in question and the same has been erroneously confirmed by the High Court.
Judgment, page 19
From the headnote
Interest: Interest pendente lite – Award of interest by arbitrator contrary to clause 16(2) of the General Conditions of Contract – Correctness of – Dispute related to work contract – Arbitrator awarded pendente lite and future interest at the rate of 12% and 18% respectively on the entire awarded amount except for the earnest money deposit and security deposit – Said order upheld by the High Court – On appeal, held: Once the contractor agrees that he shall not be entitled to interest on the amounts payable under the contract, including the interest upon the earnest money and the security…
Authorities it was built on
- 2005 Kailash v. Nanhku and Ors.
- 1991 Secretary, Irrigation Department, Government of Orissa and Ors. Etc. Etc. v. G. C. Roy Etc. Etc.
- 2006 M/s. Ambica Construction v. Union of India
- 2010 Sree Kamatchi Amman Constructions v. The Divisional Railway Manager (works), Palghat & Ors.
- 2015 Union of India v. M/s Bright Power Projects (i) P. Ltd.
- 2018 M/s Raveechee and Co v. Union of India
- 1987 State of Karnataka Etc. v. Shri Rameshwara Rice Mills Thirthahalli Etc.
- 2019 Jaiprakash Associates Ltd. (jal) through its Director v. Tehri Hydro Development Corporation India Ltd.
Where later benches applied it
Of those, 1 mentioned
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