Delhi High Court Upholds Arbitrator's Decision To Deny Pre-Reference, Pendente Lite Interest for Project Delay

The Delhi High Court upheld an arbitrator's decision to deny pre-reference and pendente lite interest to a claimant for delays in a project. The court supported the arbitrator's reasoning that the contract did not explicitly provide for such interest, thereby affirming the award. This decision underscores the autonomy of arbitrators in interpreting contracts and highlights the importance of clear contract terms regarding interest payments in case of delays.