A comparatively high rate of post-award interest is provided in section 31(7)(b) of the Act purely as a deterrent to award-debtors from avoiding payment. [State Of Haryana & Ors vs M/S S.L.Arora & Company]

State Of Haryana & Ors vs M/S S.L.Arora & Company, (2010) 3 SCC 690 Before the Supreme Court of India. Decided on: 29 January 2010 Bench: R.V. Raveendran, K.S. Radhakrishnan Author - R.V. RAVEENDRAN J. Cases Referred: Oil & Natural…

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