The Supreme Court of India has held that an express contractual clause barring claims for interest on delayed payments disentitles an arbitral tribunal from awarding pre-reference interest under Section 31(7)(a) of the Arbitration and Conciliation Act, 1996. A Bench comprising Justice Pamidighantam Sri Narasimha and Justice Alok Aradhe allowed an appeal filed by North Eastern
Contractual Bar on Interest for Delayed Payments Shuts Out Pre-Reference Interest Under 1996 Arbitration Act: Supreme Court
