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Section 20,Arbitration Act, 1940

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Can a residuary no-interest clause in a contract bar arbitral pre-award interest?

Contractual No-Interest Clause Bars Arbitral Award of Pre-Reference and Pendente Lite Interest

MS Sharma Enterprises vs National Building Construction Corporation

Arbitration Law / Interest on Arbitral Awards / Contract Interpretation

The Supreme Court dismissed the appeal, holding that the residuary phrase 'or otherwise' in Clause 26 of the contract barred the arbitrator from awarding pre-reference and pendente lite interest under Section 31(7)(a) of the Arbitration and Conciliation Act, 1996.

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