Supreme Court Ruling on Arbitration: Arbitrators Can Grant Post-Award Interest on Principal Alone in Morgan Securities v. Videocon Industries. A question that has long troubled arbitration practitioners in India concerns the scope of an arbitrator's discretion when awarding post-award interest. Must the arbitrator always apply the statutory rate of eighteen percent on the entire awarded sum, including pre-award interest? Or does the arbitrator retain the freedom to tailor the

Introduction The question of whether multiple agreements forming part of the same commercial transaction can be referred to a single arbitration continues to arise frequently in complex commercial arrangements. The Gujarat High Court, in its CAV judgment dated 13 September 2024 in Adani Enterprise Ltd v. M/s SMS Carbon & Minerals Pvt. Ltd. (C/ARBI.P/76/2023), delivered a detailed exposition on this issue, reaffirming the principle that arbitration must be interpreted in a co