Power of the Arbitrator to - grant pre-reference interest, pendente lite interest, and post-award interest under Section 31(7) of the Act is fairly well-settled.

SUPREME COURT OF INDIA

Before:- Pamidighantam Sri Narasimha and Pankaj Mithal, JJ.

Civil Appeal Nos. 9781-9782 of 2024 (@

SLP (C) Nos. 8128-8129 of 2021). D/d. 23.08.2024.

Pam Developments Private Limited - Appellants

Versus

The State of West Bengal & Anr. - Respondents

Arbitration and Conciliation Act, 1996 Section 31(7) Award of Pre reference interest Power of the Arbitrator to - grant pre-reference interest, pendente lite interest, and post-award interest under Section 31(7) of the Act is fairly well-settled. - Judicial determinations also highlight the difference in the position of law under the Arbitration Act, 1940 - High Court had no reason to interfere with the Arbitral Award with respect to grant of pre-reference interest, since the Contract between parties does not prohibit the same.[Para 9]