Under Section 31(7) of the 1996 Act, an Arbitral Tribunal validly awards post-award interest on the sum of the principal amount and accrued pre-award interest, which is not impermissible compound interest.
2025 INSC 699 SUPREME COURT OF INDIA DIVISION BENCH M/S. INTERSTATE CONSTRUCTION Vs. NATIONAL PROJECTS CONSTRUCTION CORPORATION LTD. ( Before : Abhay S. Oka and Ujjal Bhuyan, JJ. ) Civil…

