The Supreme Court ruled that litigants who agree to extend an arbitrator’s mandate are estopped from later challenging the award on that ground.
Tag: Arbitration
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.