Supreme Court of India
Morgan Securities and Credits Pvt. Ltd. v. Videocon Industries Ltd.
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.
4 Supreme Court benches have cited this judgment.
What the Court ordered
In view of the above discussion, the arbitrator has the discretion to award post-award interest on a part of the ‘sum’; the ‘sum’ as interpreted in Hyder Consulting (supra).
Judgment, page 17
From the headnote
Arbitration and Conciliation Act 1996: s. 31(7)(a), 31(7 )(b) – Post award interest on principal sum – Grant of – Dis cretion of arbitrator – On facts, arbitral award in favour of th e appellant – Post-award interest fixed at the rate of 18% on the pr inciple sum, from the date of award to the date of payment – Challen ge to, by the appellant that the post-award interest of 18% p a should be granted on the total sum awarded, both inclusive of principal and pre-award interest – Single Judge held that the arbit rator had in his discretion restricted the post-award interest t o the principal
Authorities it was built on
Where later benches applied it
- 2025 Hlv Limited (formerly Known as Hotel Leelaventure Pvt. Ltd.) v. Pbsamp Projects Pvt. Ltd.
- 2024 R.P. Garg v. The Chief General Manager, Telecom Department & Ors.
- 2025 M/s Interstate Construction v. National Projects Construction Corporation Ltd.
- 2024 North Delhi Municipal Corporation v. M/s S.A. Builders Ltd.
Of those, 2 relied on · 2 referred to
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