![Award of interest by Arbitrator](https://www.scconline.com/blog/wp-content/uploads/2024/08/Award-of-interest-by-Arbitrator-440x293.webp)
Arbitrator can award pre-reference & pendente lite interest even when agreement is silent on award of interest or does not specifically prohibit it: SC
The Court has affirmed the power of the Arbitrator to grant pre-reference, pendente lite, and post-award interest on the rationale that a person who has been deprived of the use of money to which he is legitimately entitled has a right to be compensated for the same.