A dispute arises between two parties and Arbitration proceedings are initiated. The arbitrator passes the arbitral award in favour of one of the parties with along interest @ 9% p.a after a period of almost 2 years after the institution of procceedings. The second party challenges the award by filing objections under section 34. the Ld. ADJ remands the case back to the arbitrator after a period of almost 1 year. Now, the case has been remaded back since there were discripensies in the award of the arbitrator? Now, why should party pay interest for the said period. Kindly help me with a judgement in this regard that the litigant is not liable to pay interest for the period the matter was pending with the Arbitrator and the ADJ before remanding it back. Or Kindly help with the said law.
