Interest Act

The appellant, a former employee of the respondent firm, resigned in May 1983 and applied for payment of gratuity, which the employer failed to determine. The statutory controlling authority quantified the gratuity at Rs.16,380 and ordered payment of 9% compound interest under Section 8 of the Payment of Gratuity Act, …

The Supreme Court examined whether an arbitrator can award interest for the period before a reference (pre‑reference period) under the Interest Act, 1839 when the arbitration agreement is silent on interest. The Court noted earlier decisions—Executive Engineer v. Jena, State of Orissa v. G.C. Roy, and State of Orissa v…

The State invited tenders for irrigation works and the appellant, having quoted the lowest rates, entered into three contracts. He later raised nine claims, of which the arbitrator awarded several and rejected others. The State sought to set aside the award under sections 30 and 33 of the Arbitration Act, 1940, and the…

The dispute arose from a family partnership that was dissolved by a deed of dissolution, leading to three civil suits over the division of assets and liabilities of two factories. The parties agreed to refer all issues, including valuation of land, raw materials, liabilities, alleged falsification of accounts, arithmet…