Question

According to Section 31(7b) of the Arbitration and Conciliation Act, an arbitral award directing a sum to be paid shall carry interest from the date of the award to the date of payment at a rate that is_____________

Q: Answer-According to Section 31(7b) of the Arbitration and Conciliation Act, an arbitral award directing a s...

Section 317b of Arbitration and Conciliation Act - 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 The same as the current rate of interest prevalent on the date of the award

B One percent higher than the current rate of interest prevalent on the date of the award

C Two percent higher than the current rate of interest prevalent on the date of the award

D Three percent higher than the current rate of interest prevalent on the date of the award

E Four percent higher than the current rate of interest prevalent on the date of the award

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According to Section 31(7b) of the Arbitration and Conciliation Act, an arbitral award directing a sum to be paid shall carry interest from the date of the award to the date of payment at a rate that is_____________

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