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Zenith Ropes Pvt Ltd vs Union Of India on 20 November, 2012 cites

State Of Rajasthan & Anr vs M/S. Ferro Concrete Construction ... on 22 April, 2009

8. The respondent being aggrieved with this award filed objections under Section34 of the Arbitration and Conciliation Act, 1996 (‗the said Act' for short) being OMP No.646/2008. The OMP has been partly allowed by the impugned order dated 29.02.2012 of the learned single Judge, which is sought to be assailed by the appellant on the aspect that the learned single Judge has interfered with the award. There is no appeal by the respondent. The discussion on the question of award of pendente lite and future interest is contained in para nos.21 to 25 of the impugned judgment. The plea advanced on behalf of the Railways was that interest on claim for damages could only be awarded in certain circumstances as enunciated by the Supreme Court in State of Rajasthan v. Ferro Concrete Construction Private Limited; (2009) 12 SCC 1. These circumstances are set out in para 66 of the judgment.
Supreme Court of India Cites 18 - Cited by 262 - R V Raveendran - Full Document

M/S.Sayeed Ahmed & Co vs State Of U.P. & Ors on 9 July, 2009

17.Insofar as future interest is concerned, once again the plea of the learned senior counsel for the appellant finds support from the observations in Sayeed Ahmed's case (supra) that once the rate of interest is contrary to Section 31(7) (b) of the said Act, the court should not interfere with the grant of interest unless the award of interest is found to be unwarranted for the reasons to be recorded. There is certainly no such reasons recorded by the learned single Judge and we find that no such reasons exist why the future interest of 12 per cent per annum should be reduced to 7.5 per cent per annum simple interest.
Supreme Court of India Cites 14 - Cited by 113 - R V Raveendran - Full Document
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