Power company seeking pre-claim interest i.e., interest from date when expenses were incurred by it till date of lodging claim - Post-award interest can be granted by Arbitrator on interest amount awarded.

Citation

AIROnline 2022 SC 14

2022 LiveLaw (SC) 18

SUPREME COURT

N. V. RAMANA , C.J.I. and A. S. BOPANNA , J. and HIMA KOHLI , J.

CIVIL APPEAL - 10341 of 2011 D/- 7 - 1 - 2022

UHL POWER COMPANY LTD. v. STATE OF HIMACHAL PRADESH

(A)Arbitration and Conciliation Act (26 of 1996), S.34, S.31(7) - Arbitral award - Interest -

Power company seeking pre-claim interest i.e., interest from date when expenses were incurred

by it till date of lodging claim - Post-award interest can be granted by Arbitrator on interest

amount awarded.

 (Para 22)