Supreme Court of India
Oil and Natural Gas Commission v. M/s M.C. Clelland Engineers S.A.
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.
3 Supreme Court benches have cited this judgment.
From the headnote
Arbitration Act, 1940-Section 29-Interest upon interest-Grant a/ Arbitration proceedings-Award for payment of balance amount claimed and interest on delayed payment-Interest on the amount awarded-Validity of- Held, Arbitrators have power to grant interest-Interest on the amount of interest may be termed as interest on damages or compensation for delayed payment, which becomes part of the principal-Thus, interest is not granted upon interest awarded but upon the claim made-Interest Act, 1978- Section 3. limitation Arbitration-Claim for interest on delayed payment-Plea that it was barred by
Where later benches applied it
- 2024 M/s D. Khosla and Company v. The Union of India
- 2014 M/s. Hyder Consulting (uk) Ltd. v. Governor, State of Orissa through Chief Engineer
- 2010 State of Haryana & Ors. v. S. L. Arora & Company
Of those, 2 referred to · 1 not applicable
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