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Hindustan Construction Co. Ltd. vs State Of Jammu And Kashmir on 28 August, 1992

Unlike Section 31(7)(b) of the 1996 Act which prescribes a future interest rate of 18% in the absence of a direction in the award, Section 29 of the 1940 Act says only that interest prescribed must be at a reasonable rate. The power of the arbitrator to award future interest under the 1940 Act is not in question, as held by the Supreme Court in Hindustan Construction Co. Ltd. v. State of Jammu and Kashmir, AIR 1992 SC 2192.
Supreme Court of India Cites 10 - Cited by 115 - S Ranganathan - Full Document
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