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february 2025

Supreme Court of India · 2025-02-07

M/S. Gokul Lamp Works Private Limited vs Mysore Lamp Works Limited

Court
Supreme Court of India
Petitioner
M/S. Gokul Lamp Works Private Limited
Respondent
Mysore Lamp Works Limited
Author
Sanjay Kumar
Bench
Sanjay Kumar

Judgment text excerpt

The Supreme Court examined the issue of post-award interest in an arbitration dispute, focusing on the period after the arbitral award was passed. The Court considered whether the interest accrued during the specified period was properly paid and deposited, and the implications of delayed payments. The Court emphasized the importance of timely payment of post-award interest as per the arbitral award and upheld the principles of fair compensation. The judgment clarified the legal stance on post-award interest payments in arbitration proceedings.

M/S. Gokul Lamp Works Private Limited vs Mysore Lamp Works Limited · Niyam