Case Law Analysis
|Jammu & Kashmir and Ladakh High Court
Post-Decretal Interest Under J&K Arbitration Act 1945 | Principal Sum Excludes Pre-Reference & Pendente Lite Interest : J&K & Ladakh HC
J&K & Ladakh HC clarifies that post-decretal interest on arbitral awards under the J&K Arbitration Act, 1945, is calculable only on the principal sum, excluding pre-reference and pendente lite interest. This ruling diverges from the broader interpretation permitted under the State CPC, impacting execution of awards in arbitration disputes.