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Swami Sadashiva Brahmendra Sar (Nil)     11 July 2009

Interest for pre- reference period

Whether the Arbitrator can award interest for pre-reference period and pendente lite, when the contract prohibits the employer from entertaining any claim for interest? Would any friend kindly sum up the ratio of m/s Sayeed ahmad v. State of UP decided by the supreme court on 09/07/2009!


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 1 Replies

Chanchal Nag Chowdhury (Advocate)     11 September 2009

I have not as yet come accross your stated case. However, the SC had held that such a clause even if binding on employer, is not binding on arbitrator and he is free to grant int. in such cases.


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