S. 37(1)(a) Arbitration Act | Clause Restricting Interest On Delayed Payments By Itself Won't Bar Pendente Lite Interest : Supreme Court

The Supreme Court has ruled that an "arbitration clause restricting interest on delayed payments" by itself "won't bar pendente lite interest." The court's decision, which is a significant victory for the government, was made on the grounds that the person's claim was not supported by evidence. The ruling clarifies that a person cannot file a claim that is not for a valid reason. The court's decision is a crucial reminder to all that they must be diligent in their dealings.