Arbitral Tribunal Imposing Exorbitant Interest Not Violative Of Fundamental Policy Of Indian Laws: Delhi High Court

The Delhi High Court ruled that an arbitral tribunal imposing exorbitant interest is not violative of the fundamental policy of Indian laws. The case involved a challenge to an arbitral award where the tribunal had imposed a high rate of interest on the awarded amount. The court found that the tribunal’s decision on interest was within its discretion and did not contravene any fundamental policy of Indian law. The ruling emphasizes the tribunal’s authority to determine interest rates and the limited scope of judicial intervention in such matters.