officials/employees of our Bank, shall be
returned with interest @ 3 months LIBOR + 50 basis point to
PNB within 30 (thirty) days of the aforesaid ... officials/employees of our Bank, shall be
returned with interest @ 3 months LIBOR + 50 basis point to
PNB within 30 (thirty) days of the aforesaid
component, the award-debtor will be liable to
pay interest at the LIBOR rate + 3 percentage points, prevailing on
the date of the award
Claimant
interest at 12% per annum compounded monthly on Indian
currency & LIBOR + 2% on Euro portion from the
respective due dates of payment
total Award debt, with post-award interest at the rate of LIBOR
provisions of Foreign Exchange Management Act, 1999 (FEMA) being
beyond Libor + 100 BPS.
8. As regard the letter dated 03.12.2019 is concerned, the sole arbitrator
officials/employees of our Bank, shall be
returned with interest @ 3 months LIBOR + 50 basis point to
PNB within 30 (thirty) days of the aforesaid
officials/employees of our Bank, shall be
returned with interest @ 3 months LIBOR + 50 basis point to
PNB within 30 (thirty) days of the aforesaid
officials/employees of our Bank, shall be
returned with interest @ 3 months LIBOR + 50 basis point to
PNB within 30 (thirty) days of the aforesaid
interest could have been as per the
(London Interbank Offer Rate) LIBOR rates only."
This is a digitally signed order.
The authenticity
decree-holder has handed
over a calculation made on the basis of LIBOR rates.
2. Mr. Khan, learned counsel for the judgment-debtor seeks some
