Supreme Court of India · 2022-05-05
Delhi Airport Metro Express Private ... vs Delhi Metro Rail Corporation
- Court
- Supreme Court of India
- Petitioner
- Delhi Airport Metro Express Private ...
- Respondent
- Delhi Metro Rail Corporation
- Author
- B.R. Gavai
- Bench
- B.R. Gavai, L. Nageswara Rao
Judgment text excerpt
The Supreme Court addressed whether the 'sum' awarded under Section 31(7)(a) of the Arbitration and Conciliation Act, 1996 includes interest pendente lite. The court clarified that the term 'sum' does encompass such interest, thereby ensuring that the party entitled to the award receives compensation that reflects the time value of money during the arbitration process. The appeal was decided in favor of the appellant, affirming the inclusion of interest in the awarded sum.