The Supreme Court of India, in a significant ruling on arbitration law, has held that a contractual clause that merely bars the payment of interest on delayed payments does not, by itself, prevent an arbitral tribunal from awarding pendente lite interest (interest for the period during which the legal proceedings are pending). The division bench
Clause Barring Interest on Delayed Payments Doesn’t Preclude Arbitrator from Awarding Pendente Lite Interest: Supreme Court
