Contractual Exclusion of Interest in Arbitration: The Supreme Court’s Evolving Approach to Party Autonomy and Section 31(7) of the Arbitration and Conciliation Act, 1996
The Supreme Court in Union of India v. Larsen & Toubro reaffirmed that arbitral tribunals cannot award pre-award interest where contracts expressly prohibit it, strengthening party autonomy under Section 31(7)…






