management AIBE Mock Test Series Arbitration And Conciliation Act Part 1 - Arbitration Making Of Arbitral Award And Termination Of Proceedings
Under the Arbitration and Conciliation Act, 1996, Arbitration Tribunal may direct payment of interest:
1
For whole or part of the period from the date of cause of action till award, but not for the period post the award
2
For whole or part of the period from the date of cause of action till payment is made
3
For the period post the award only when the arbitration clause specifically states that interest shall be awarded
4
Arbitration Tribunal cannot award interest and only Court can direct and award