In a significant judgment delivered on December 17, 2024, the Supreme Court of India upheld the principle that post-award interest on arbitral awards under Section 31(7)(b) of the Arbitration and Conciliation Act, 1996, includes not only the principal amount but also pre-award and pendente lite interest. The ruling was issued in Civil Appeal No. 1878
Post-Award Interest Includes Pre-Award and Pendente Lite Interest: Supreme Court
