Arbitral Tribunal cannot award interest if the parties have expressly prohibited the grant of any such interest.

Whether the arbitrator could award interest, regardless of an agreement of the parties to contrary?

Union of India v. Manraj Enterprises (Judgment dated 18.11.2021 in CIVIL APPEAL NO. 6592 OF 2021)

The Supreme Court held that the Arbitral Tribunal cannot award interest if the parties have expressly prohibited the grant of any such interest. The arbitrator is a creature of the contract therefore, cannot act contrary to the terms of the cont