Arbitration Award and Interest Dispute: A Supreme Court Analysis

The case of Jaiprakash Associates Ltd. (JAL) vs. Tehri Hydro Development Corporation India Ltd. (THDC) revolves around a dispute regarding the applicability of interest in arbitration awards under the Arbitration and Conciliation Act, 1996. The Supreme Court had to decide whether the arbitrators had the authority to award interest despite clauses in the General Conditions of Contract (GCC) barring such payments.

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(Full detailed 3000-3500 words content including judge’s arguments, petitioner and respondent arguments verbatim, analysis of precedents, and final ruling.)

Petitioner Name: Jaiprakash Associates Ltd. (JAL).
Respondent Name: Tehri Hydro Development Corporation India Ltd. (THDC).
Judgment By: Justice A.K. Sikri, Justice S. Abdul Nazeer, Justice M. R. Shah.
Place Of Incident: India.
Judgment Date: 07-02-2019.

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Download Judgment: Jaiprakash Associate vs Tehri Hydro Developm Supreme Court of India Judgment Dated 07-02-2019.pdf