Income-tax, on the amounts awarded to it by a
Partial Award, an Additional Award and a Final
Award.
3. MII is entitled to interest ... PARTIAL AWARD'
The 1996 Act does not use the expression "partial award". It uses
interim award or final award. An award
Arbitrator to award cost. Section 29 confers power on the
court to award interest on the amount awarded by the Arbitrator from the
date ... Arbitrator inasmuch as an Arbitrator is not a court
with in the meaning of the said provision consequently the Arbitrator could
not award interest pendente
determine how has the
arbitrator proceeded and what actually the arbitrator has
decided. The arbitrator has noted in the first award that
the dispute related ... whether the award
in question was a speaking award or not. In our opinion, the
award was not a speaking award. An award can also
lakhs were awarded by interim
award dated 20th September, 1985. (2) In the interim award,
the arbitrator has made it clear that he was appointed ... retirement of partners which was referred to the
arbitrator. The arbitrator had passed non-speaking award.
While revoking the award, the High Court in concurrence
error apparent on the face of the
award, in regard to the award of the Arbitrator in respect of (i) claims ... award, is a ground for setting
aside the award under section 30 or for remitting the award to the Arbitrator
under section
have interfered with the award nor the award could be set aside. According
to the learned counsel, the Arbitrator considered the evidence on record -
documentary ... counter-claim of HCL by the
Arbitrator.
The last question relates to payment of interest. The Arbitrator awarded
interest to BOL at the universal rate
arbitrator was specifically referred to
the arbitrator and therefore the arbitrator's decision is
binding on the parties and the award cannot ... award. The prayer for setting
aside the award was founded on two grounds; (1) that the
award is insufficiently stamped and (2) that the Arbitrator
additional work) were satisfied.
(iii) Though the award purported to be a reasoned award, the award in
regard to Items ... showed a higher amount), the Arbitrator clearly exceeded
his jurisdiction. The Arbitrator thus committed a legal misconduct and the
award to that extent is liable
interest had
been awarded on the ground that it was reasonable to award
interest and the court, therefore, held that the arbitrator
was wrong ... dispute by the
Arbitrator. In Abhaduta Jena case (supra) this Court held
that the arbitrator has no competence to award interest for
a period prior
award the award should meet those requirements. The
award must be certain. It could be either interim or final.
An award without reasons is valid ... otherwise in accordance with, the
award.
30. Grounds for setting aside award.--An award
shall not be set aside except on one or more
