Arbitration Act, Executing Court Cannot Review Or Add Payment Of Interest While Enforcing Foreign Award: Kerala High Court

Section 31(7)(b) of the Arbitration and Conciliation Act recently came under scrutiny in a significant legal development. In a detailed judgment, Justice T.R. Ravi of the High Court clarified crucial aspects regarding foreign awards and interest rates. Case Background: The case involved a dispute stemming from an international contract governed by the Association of Food Industries Inc. (AFI) rules. The original foreign arbitration award, dated 11/05/2010, was issued by the…