Award Holder Cannot Claim Compound Interest When Tribunal Has Granted Only Simple Interest in Arbitral Award: Meghalaya High Court
The High Court of Meghalaya at Shillong delivered a significant judgment on 14 November 2025 concerning the interpretation of Section 31(7) of the Arbitration and Conciliation Act, 1996. The case revolved around the calculation of pre-award and post-award interest in an arbitral award involving Power Grid Corporation of India Ltd. and M/s Mega Electricals. Background of the Dispute The dispute originated from a contract awarded on 01 March 2012 by…
