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

As per Section 10(1), in event of vacancy in office of Central Vigilance Commissioner by death, resignation or otherwise, who may authorize a Vigilance Com...
In which of the following cases Supreme Court rejected the relevancy of hearsay evidence?
_________________of a promissory note or bill of exchange is the date at which it falls due
The definition of a GIFT of immovable property, and the power to make one, are contained in which section of the Transfer of Property Act, 1882?
Under principles of Administrative Law, what is "Jurisdiction"?
Section 268 empowers the Magistrate to discharge the accused:
Under the Code on Wages, 2019, if a worker works for more than the normal working hours in any day or week, the rate at which overtime wages must be paid i...
Under the Transfer of Property Act, 1882 ‘Attached to the earth' doesn't mean:-
Under Section 11, the Commission is required to present its annual report to:
Consider the following statements regarding member rights under the Companies Act, 2013: Statement 1: Every member has a right to attend and vote at Gene...

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