Arbitration | Impermissible For Arbitral Tribunal Or Courts To Grant Interest Upon Interest : Supreme Court

The Supreme Court ruled that it is impermissible for arbitral tribunals or courts to award interest upon interest in arbitration cases. The court clarified that compound interest cannot be granted unless explicitly agreed upon by the parties. This ruling emphasizes the need for clear contractual terms regarding interest in arbitration agreements and provides clarity on the limits of arbitrators' powers.