North Eastern Electric Power Corporation Limited (NEEPCO) v. Astra Construction Private Limited
2026 INSC 103622 September 202615 min read
Supreme Court Holds Specific Contractual Bar on Interest Excludes Pre-Reference Interest Under Section 31(7)(a)
A contractual clause that separately bars interest on delayed payments, in addition to money withheld due to disputes, validly excludes the arbitrator’s power to award pre-reference interest under Section 31(7)(a).
Case Snapshot
- Case Name
- North Eastern Electric Power Corporation Limited (NEEPCO) v. Astra Construction Private Limited
- Citation
- 2026 INSC 1036
- Bench
- Justice Pamidighantam Sri Narasimha and Justice Alok Aradhe
- Date of Judgment
- September 22, 2026
- Area of Law
- Arbitration and Conciliation Act, 1996 — Section 31(7)(a) — Arbitrator’s power to award pre-reference interest — Contractual bar
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