National Seeds Corporation Ltd v. National Agro Seed Corporation (India)
2026 INSC 101718 September 202615 min read
Supreme Court Holds Conditional Deposit of Arbitral Award Does Not Stop Interest Under Order XXI Rule 1 CPC
A deposit in court is not payment unless unconditional and freely available to the award-holder; conditional deposits do not stop interest.
Case Snapshot
- Case Name
- National Seeds Corporation Ltd. v. National Agro Seed Corporation (India)
- Citation
- 2026 INSC 1017
- Bench
- Justice Pamidighantam Sri Narasimha and Justice Alok Aradhe
- Date of Judgment
- September 18, 2026
- Area of Law
- Arbitration and Conciliation Act, 1996; Code of Civil Procedure, 1908; Interest on Deposits
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