No Further Interest Payable Once Decretal Sum Is Deposited In Court Registry With Award Holder's Knowledge: Delhi High Court

The recent court order addresses important aspects of interest accrual on deposited amounts under the Arbitration and Conciliation Act, 1996. The case revolved around a dispute between the Decree-Holder and the Judgment Debtor regarding the payment of interest on a sum deposited in the court by the Judgment Debtor. This deposit followed the court’s earlier order, and the key issue was whether interest would continue to accrue on the deposited…