EPISODE · Sep 12, 2025 · 7 MIN
ONGC Ltd. vs. M/s G & T Beckfiled Drilling Services Pvt. Ltd. 2025 INSC 1066
from Nyay Samachar · host Scoot Legal Translation & Transcription Services
The ONGC arbitration case clarifies how contract clauses affect arbitral tribunals’ power to award interest under Section 31(7) of the Arbitration & Conciliation Act, 1996. The Court emphasized that unless an agreement clearly prohibits “pendente lite” interest, arbitrators retain statutory power to award it. Learn how nuanced contract language and statutory interpretation can shape the outcome of commercial disputes. This principle can significantly impact drafting and enforcement of agreements in future arbitrations. #SupremeCourt #ArbitrationLaw #ContractingDrafting #Section31
What this episode covers
The ONGC arbitration case clarifies how contract clauses affect arbitral tribunals’ power to award interest under Section 31(7) of the Arbitration & Conciliation Act, 1996. The Court emphasized that unless an agreement clearly prohibits “pendente lite” interest, arbitrators retain statutory power to award it. Learn how nuanced contract language and statutory interpretation can shape the outcome of commercial disputes. This principle can significantly impact drafting and enforcement of agreements in future arbitrations. #SupremeCourt #ArbitrationLaw #ContractingDrafting #Section31
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ONGC Ltd. vs. M/s G & T Beckfiled Drilling Services Pvt. Ltd. 2025 INSC 1066
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