The Supreme Court reaffirmed that statutory consumer remedies are independent and additional to contractual arbitration provisions.
Tag: Arbitration
Party Cannot Challenge Arbitrator Award on Mandate Expiry After Accepting Extension Says SC
The Supreme Court ruled that litigants who agree to extend an arbitrator’s mandate are estopped from later challenging the award on that ground.
SC Clarifies Arbitration Act Section 31(7) Post-Award Interest Calculation Rules
The Supreme Court issued guidance on Section 31(7) of the Arbitration Act clarifying how post-award interest should be calculated on awarded sums including whether interest on interest is permissible.