M/S D. KHOSLA AND COMPANYversusTHE UNION OF INDIA
Case No.: SPECIAL LEAVE PETITION (CIVIL) No. 812/2014
Decision Date: 07-08-2024
Disposal: Dismissed
Neutral Citation: 2024INSC587

PAMIDIGHANTAM SRI NARASIMHA*, PANKAJ MITHAL Issue for Consideration Arbitrator passed award granting interest for two periods-(i) Pre- award period, from the date of completion of the work up to the date of the award @ 12% per annum (simple interest); and (ii) Post- award, from the date of the award till the date of its of the court decree @ 15% per annum. Whether interest was payable on interest or whether 15% interest per annum awarded would be on the principal sum award plus 12% per annum interest on it for the pre-award period. Headnotes† Arbitration Act, 1940 – ss.29, 17 – Interest Act, 

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