Supreme Court of India

M/s. Hyder Consulting (uk) Ltd. v. Governor, State of Orissa through Chief Engineer

Neutral citation
Reported as [2014] 14 S.C.R. 1029
Bench H. L. Dattu, S. A. Bobde and Abhay Manohar Sapre JJ.
Decided 25 November 2014

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.

10 Supreme Court benches have cited this judgment.

What the Court ordered

In view of the above, while answering the referral order, Civil Appeal No. 3148 of 2012, along with all connected E matters, is remanded back to an appropriate two-Judge Bench of this Court for adjudication.

Judgment, page 43

From the headnote

Arbitration and Conciliation Act, 1996 - s.31(7) - c Interpretation of- Grant ofinterest byarbitral tribunal under - Whether amounts to granting interest on interest- Held: s. 31 (7) can be interpreted to mean that interest which accrues till the date of the Award," be included in the "sum" from the date of Award for calculating the post-award interest- Word sum means 'an amount of money' which may include principal and interest or one of the two - Thus, clause (a) of s.31(7) provides that the Arbitral Tribunal may include interest while making an award for payment of money in the sum for

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