Question

A sum directed to be paid by an arbitral award shall carry interest:

Q: Answer-A sum directed to be paid by an arbitral award shall carry interest:

Section 317 of the Arbitration Conciliation Act, 1996 A sum directed to be paid by an arbitral award shall, unless the award otherwise directs, carry interest at the rate of two per cent. higher than the current rate of interest prevalent on the date of award, from the date of award to the date of payment.

A @4 % higher than the current rate of interest prevalent on the date of award, from date of award till date of payment

B @12 % higher than the current rate of interest prevalent on the date of award, from date of award till date of payment

C @ 2% higher than the current rate of interest prevalent on the date of award, from date of award till date of payment

D @ 24% higher than the current rate of interest prevalent on the date of award, from date of award till date of payment

E @ 16 % higher than the current rate of interest prevalent on the date of award, from date of award till date of payment

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A sum directed to be paid by an arbitral award shall carry interest:

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