Supreme Court of India
M/s B.L. Gupta Construction (p) Ltd. v. Bharat Cooperative Group Housing Society Ltd.
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From the headnote
Arbitration : Interest-Pre-reference interest-Work contract-Dispute between parties referred to arbitrator-Contractor claiming pre-reference interest as also fature interest@24% per annum-Arbitrator allowing 18% pre-reference, pendente lite and post award interest-Division Bench of High Court holding contractor not entitled to interest prior to date of award and reducing interest to 10% from date of award till date of decree-Held, in view of the agreement between the parties, contractor entitled to pre-reference interest @12% per annum- As regards interest pendente lite, arbitrator having
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