Legal Street registered trademark

Supreme Court of India

M/s Interstate Construction v. National Projects Construction Corporation Ltd.

Neutral citation
Reported as [2025] 5 S.C.R. 2106
Bench Abhay S. Oka and Ujjal Bhuyan JJ.
Decided 15 May 2025

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.

What the Court ordered

In view of the above, the High Court had no reason to interfere with the arbitral award with respect to grant of pre-reference interest, since the contract between the parties does not prohibit the same.

Judgment, page 17

From the headnote

Issue for Consideration Issue arose whether the Division Bench of High Court was justified setting aside the directions related to pendente lite interest, holding that it was not open for the arbitral tribunal to have carved out three periods for payment of interest: pre-reference, pendente lite and future. Headnotes† Arbitration and Conciliation Act, 1996 – s.37 – Arbitral award – Award of interest for pre-reference and pendente lite period – Respondent engaged services of the appellant for executing a contract relating to Power Project – Appellant disputed certain recoveries – Arbitration

Authorities it was built on

Sign in free to read it

  • The full judgment, page by page, as published in the Supreme Court Reports
  • The ratio: what the Court held, verbatim, with the page it sits on
  • Every bench that relied on it, and every bench that argued against it
  • Search every reported judgment, by party, citation or question
  • Download the PDF, copy pinpoint citations ready for a filing
Sign in to read - for free

An email address, no password.