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

Practice Next

More Other Laws and Acts Questions

Under Section 32 of the Airports Authority of India Act, 1994, officers and employees of the Authority, while acting in pursuance of the Act or rules/regul...
A private company can be converted into an LLP if________?
Who propounded the Sociological School of Jurisprudence which focuses on the purpose and effects of law in society?
Section 9 of the Negotiable Instrument Act, 1881 defines:
Which of the following statement with reference to Indian Evidence Act, 1872, is not correct?
Under Section 17 of the Credit Information Companies (Regulation) Act, 2005, a borrower, X, requests correction of inaccurate credit information maintained...
A lessor shall be deemed to contract with lessee
Which of the following persons would NOT be considered a "consumer" under Section 2(7) of the Consumer Protection Act, 2019?
Under Muslim Law, which of the following forms of divorce requires judicial intervention?
Under the Code of Civil Procedure, 1908, in which of the following case 'Signed' does not include 'Stamped'?

Hey! Ask a query

🎓

Think You're Ready for RBI Grade B?

RBI Grade B 2026 Phase 1 Memory Based Paper

200 Questions with Detailed Solutions
Section-wise Coverage (GA, English, Quant & Reasoning)

Download Now 100% Free PDF

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

Detailed Solution

More Other Laws and Acts Questions

Hey! Ask a query

Please Register/Login

RBI Grade B 2026 Phase 1 Memory Based Paper