Home Case Index All Cases Indian Laws Indian Laws + SC Indian Laws - 2015 (10) TMI SC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (10) TMI 412 - SC - Indian LawsPayment of Interest under Section 34 of Arbitration & Conciliation Act – Respondents deposited the principal amount before the High Court and requested the same to be made as Fixed Deposit which was ultimately dismissed - Contended by the Appellant that once the amount is deposited in Court, there is no liberty to pay interest in terms of the award - Held That:- Appellants shall be entitled to interest as per award from the date of award till the principal amount was deposited in the High Court - Respondent shall be entitled to the interest in terms of the award on the balance of the award amount which the appellants failed to deposit in Court – Judgement of the Court modified – Decided in favour of the Respondent.
|