Arbitration and Conciliation Act, 1996 – Sections 34 and 37 – General Conditions of Contract – Clause 16(2) – Pendente lite and future interest – – held that in view of specific bar contained in clause 16(2) of the GCC, the contractor shall not be entitled to any interest pendente lite or future interest on the amounts due and payable to it under the contract.
SUPREME COURT OF INDIA DIVISION BENCH UNION OF INDIA — Appellant Vs. MANRAJ ENTERPRISES — Respondent ( Before : M.R. Shah and B.V. Nagarathna, JJ. ) Civil Appeal No. 6592…