Supreme Court of India

Jugal Kishore Prabhatilal Sharma and Ors. v. Vijayendra Prabhatilal Sharma and Anr.

Neutral citation
Reported as [1992] SUPP. 2 S.C.R. 118
Bench S. Ranganathan, V. Ramaswami and B.P. Jeevan Reddy JJ.
Decided 22 October 1992

INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.

6 Supreme Court benches have cited this judgment.

What the Court ordered

We hold that the award cannot be vitiated on this ground. (iv) Excise liability - This issue was not pressed before us and the arbitrator's conclusion in this regard is upheld.

Judgment, page 23

From the headnote

Indian Artibitration Act, 1949 : Sections 14, 22, 23, 29, 30, 39 and 41--Reference of dispute to arbitra­ tion by Court in a suit pendinr-Aroitrator has all powers Court has in deciding issues in the suit. Interest pendente lite-Can be awarded where Agreement envisages payment. Interest for pre-reference period-Partnership finn--Dissolved-Dispute relating to valuation of assets of firm-Dissolution deed envisaging grant of Interest only from date of valuation of assets-Reference of dispute to arbitra­ tion prior to Interest Act, 19711--- ward of interest for pre-reference period-­ Held not

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