Summary: Recent Indian jurisprudence confirms that depositing an arbitral award amount with the court during Section 34 proceedings stops interest from running, but only if the deposit is full, unconditional, and properly notified. Partial payments made over time do not attract this benefit. This clarity provides judgment debtors with a powerful tool to limit their exposure while awards remain under challengeand gives decree holders certainty about their entitlements.
Latest Post
More Posts
Arbitration Agreements v. MSME Act: Can interest rates under MSME Act survive outside of Section 18 proceedings?
Can an Arbitral Tribunal’s Mandate be Extended Post Award?
Fraud-Related Disputes Arbitrable: Bombay High Court
Writ Jurisdiction over Arbitral Proceedings an ‘Exceptional Rarity’: Delhi High Court Reiterates
Subscribe: Subscribe via RSS
Blogs
Firm/Org