Arbitration award in India

Is a Party Bound to Pay Damages as Specified in an Agreement?

Agreement, Arbitration award in India, Pay Damages / admin

An agreement enforceable by law is a contract.[i] There are times when a contract’s terms and conditions are not followed or are breached by one of the parties. The party who breaches the contract is referred to as the defaulting party. There are remedies available in the event of a breach, which might include damages […]

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Award of Interest in Arbitration award in India

The judgment in the matter of Hyder Consulting was delivered by a three Judge bench and was a majority judgment. The majority decision disagreed with the judgment in S.L. Arora case. The majority held that the interest given under Section 31(7) of the Act will also apply to the interest pendente lite. They argued that

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Is a Party Bound to Pay Damages as Specified in an Agreement?

Award of Interest in Arbitration award in India

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