Arbitration award - pendente lite interest

KmeduVishnu (Querist) 23 August 2014 This query is : Resolved
Dear Experts,

In an Arbitration Award, the Arbitrator has held that, "However I am inclined to make any provision for any pendente lite interest".

In this regard, upto my knowledge I tried to understand that the Arbitrator has denied pendente lite interest for both "Pre Award Period" and "Post Award Period".

Whether am I correctly understand these aspects.

Kindly clarify this issue by the learned Experts.

Thanking you in Advance.

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Dr J C Vashista (Expert) 24 August 2014
Show the arbitration award to local lawyer for proper scrutiny, advise and guidance. Prima facie there is some difference in the award and what you have posted in this query.

prabhakar singh (Expert) 24 August 2014
One can not advise unless you allow one to read the entire award.On one hand you have your knowledge but on the other hand you have doubt over your knowledge?

malipeddi jaggarao (Expert) 24 August 2014
Award to be seen.

Rajendra K Goyal (Expert) 24 August 2014
Consult a local lawyer and show the award to him.

Devajyoti Barman (Expert) 24 August 2014
without seeing award further advice is difficult to be given.

ajay sethi (Expert) 24 August 2014
award passed by arbitrator has to be seen to advice

Surrender K Singal (Expert) 24 August 2014
BOTH THE INTERESTS CAN BE AWARDED IN THE CIRCUMSTANCES OF THE MATTER AS THEREIS NO BAR PER SE

Raj Kumar Makkad (Expert) 24 August 2014
There seems no illegality in the imposition of the interest as per facts told by you.

Surrender K Singal (Expert) 25 August 2014
Many citations from SC may be searched / used

T. Kalaiselvan, Advocate (Expert) 27 August 2014
without seeing the award copy it will be difficult to give a proper opinion to your query, consult a local lawyer other than your own lawyer for a second opinion.

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