Can Arbitrator award interest?
Rajeev Singh
(Querist) 18 July 2015
This query is : Resolved
Can Arbitrator award interest for pre and post reference peiod in any arbitration matter. Even if the GCC may prohibit award of interest as per the conditions laid down in the agreement.
Advocate Bhartesh goyal
(Expert) 18 July 2015
Arbitrator can very well award interest for future and pendelite even no condition in regard to interest is mentioned in agreement.
Rajeev Singh
(Querist) 18 July 2015
Have been trying to find out ground for this plea. If u can guide or mention any rulings as there are certain ruilings which prohibit.
Rajendra K Goyal
(Expert) 19 July 2015
Citation is not provided in this section.