Supreme Court of India
Rajendra Construction Company v. Maharashtra Housing and Area Development Authority and Ors.
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.
1 Supreme Court bench has cited this judgment.
What the Court ordered
For the foregoing reasons, in our opinion, the order passed by the High Court deserves to be interfered with by partly allowing the appeals.
Judgment, page 15
From the headnote
Arbitration Act, 1940: Section 17-Arbitration award-No reasons in support of-Validity- Neither the arbitration agreement nor the contract provided for recording of reasons by the Arbitrator-Held: High Court could not set aside the award on the ground that it was not supported by reasons and was not a speaking award-Arbitration and Conciliation Act, 1996, S. 31 (3). Sections 13 and 29-lnterest-Award of-Power of Arbitrator Arbitrator awarded interest@ 18% per annum on the principal amount from the date of the suit till the date of the award as also from the date of the award to the date of
Where later benches applied it
Of those, 1 relied on
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