Compound interest

Power of arbitrators to award interest on interest or compound interest for a future period, in the absence of a contract between the parties – Litigation, mediation and arbitration

Introduction: Whether the arbitral tribunal will have the power to award interest on the interest for the period after the award, in the absence of agreement between the parties, was one of the questions considered by a bench of two justices of the Supreme Court of India in the case of Haryana State & Others […]