Supreme Court on Award of Interest
in Arbitration, Civil, Commercial, Consumer, Motor Accident, Service, Tax and Other Matters

The Law, which is covered herein spans more than sixty-two years of the Supreme Court's rulings on this subject and the bare text of the relevant section of the Arbitration Act, 1940 and the Arbitration and Conciliation Act, 1996; S.34 CPC and the two Interest Acts of 1839 and 1978.

In an age when long standing interim arrangements are what dispute resolution culminates in, the award of interest assumes critical importance, especially in commercial disputes. Alive to this, the Editors at SCC have painstakingly extracted nearly every single ruling on the award of interest across a broad spectrum of disputes from judgments of the Supreme Court from 1950 till date, which has resulted in this unique compendium. The reader can thus simultaneously study the bare text of the relevant statutory provisions and this comprehensive compendium of Supreme Court case law on the award of interest.

1. Generally

2. Arbitral matters/power of arbitrator to award interest

3. Arbitration Act, 1940 — Sections 13 and 29

4. Arbitration Conciliation Act, 1996 — Section 31(7)

5. Calculation of interest/Capitalisation/Rests, etc.

6. Civil Procedure Code, 1908 — Section 34

7. Claim amount

8. Compensation as interest/Interest on compensation

9. Compound interest/Interest on interest

10. Consumer cases

11. Contractual interest/rate of interest

12. Costs/Interest on costs

13. Date of commencement of interest

14. Delayed payments/withheld amount/Wrongfully detained amount

15. Denial of interest

16. Development Authority/Housing Board

17. Equitable interest/relief

18. Executing court

19. Instalments

20. Insurer

21. Interest Act, 1839

22. Interest Act, 1978

23. Interest on Delayed Payments to Small Scale and Ancillary Industrial Undertakings Act, 1993

24. Interest Tax

25. Interim interest — levy of proposed interest by interim order

26. Land acquisition and requisition

27. Mesne profits

28. Penal interest

29. Pre-litigation or pre-reference interest

30. Pendente lite interest

31. Post decree/post award interest

32. Power of court to award interest

33. Rate of interest/Enhancement/Reduction/Usury prohibition

34. Recovery of excess interest paid/Refund of interest

35. Refund of tax

36. Refundable amount/refund/refund of deposit/court deposit or order

37. Restitutionary compensation

38. Restitutionary interest

39. Retiral benefits

40. Retrospective charging of interest

41. Special/Customary rules for grant of interest

42. Tax due/wrongful availment of tax credit/exemption, etc.

43. Trusts and Trustees.