Landmark Supreme Court of India rulings, explained in clear, plain language.
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Does Clause 54 of the GCC bar an arbitrator from awarding pre-reference interest?
North Eastern Electric Power Corporation Limited (NEEPCO) vs Astra Construction Private Limited
The Supreme Court held that Clause 54 of the GCC is a complete bar on pre-reference interest and set aside the High Court's order restoring such interest.
Does depositing money in court stop interest liability on an arbitral award?
NATIONAL SEEDS CORPORATION LTD. VERSUS NATIONAL AGRO SEED CORPORATION (INDIA)
The Supreme Court held that an award-debtor's deposit in court does not stop interest from running unless the award-holder can unconditionally withdraw the deposited amount.
Can a personal guarantor be dragged into arbitration if their guarantee lacks an arbitration clause?
National Skill Development Corporation v. Surya Wires Private Limited & Ors.
The Supreme Court ruled that a personal guarantor is bound by the main loan agreement's arbitration clause if both agreements form a single transaction.
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