BPL LIMITED v. MORGAN LIMITED
Supreme Court of IndiaC.A. NO. 014565-014566 - 2025Bench: Justice J.B. Pardiwala, Justice Sandeep Mehta Justice J.B. Pardiwala, Justice Sanjay Karol
The Supreme Court dismissed BPL Limited's appeals against the arbitral award enforcing 36% compound interest on defaulted bill-discounting facilities, holding that party autonomy under Section 31(7)(a) Arbitration Act 1996 overrides judicial discretion once parties contractually fix interest.