Supreme Court of India

Jaiprakash Associates Ltd. (jal) through its Director v. Tehri Hydro Development Corporation India Ltd.

Neutral citation
Reported as [2019] 2 S.C.R. 41
Bench A. K. Sikri, S. Abdul Nazeer and M. R. Shah JJ.
Decided 7 February 2019

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.

5 Supreme Court benches have cited this judgment.

From the headnote

Arbitration and Conciliation Act, 1996: s. 31(7)(a) – Power of arbitrator to award pendente-lite interest – Arbitral Tribunal while allowing the claims, also granted pendente- lite interest – Objection to award of interest in view of clauses 50 and 51 of General Conditions of Contract which barred grant of interest – Single Judge of High Court quashed the award lim ited to the interest – Order of Single Judge affirmed by Di vision Bench of High Court – On appeal, held: As the clauses 5 0 and 51 of General Conditions of Contract put a bar on arbitral Tribunal to award interest, arbitral

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