Supreme Court of India

Oil and Natural Gas Commission v. M/s M.C. Clelland Engineers S.A.

Neutral citation
Reported as [1999] 2 S.C.R. 830
Bench S. Rajendra Babu and S.N. Phukan JJ.
Decided 23 April 1999

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

Of those, 2 referred to · 1 not applicable

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