The article analyses contractual restrictions on pre-award interest under Section 31(7)(a) of the Arbitration and Conciliation Act, 1996. It traces the jurisprudence on interest-prohibitory clauses over the years, and explains when phrases such as “delayed payments,” “amounts payable,” “disputed claims” and “any interest whatsoever” may constitute an effective contractual bar on...
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Website title: Blog on Arbitration | Arbitration Workshop