Pristine Logistics & Infra … vs M/S. Freightstar Pvt. Ltd. & Ors. on 20 January, 2017

2. By the impugned award, the arbitrator has awarded sums aggregating
to `7,10,00,000/- in favour of respondent No. 1, M/s Freightstar Private
Limited (hereafter „Freightstar‟); Pristine was directed to pay a sum of
`2,62,70,000/-; Aeren R Logistics & Infrastructure Private Limited

O.M.P. (COMM) 58/2016 Page 1 of 23
(hereafter „Aeren‟) was directed to pay `92,30,000/-; and Kanpur Logistics
was directed to pay a sum of `3,55,00,000/-. The arbitrator has further
awarded interest at the rate of 15% per annum on the awarded amounts from
the date of the award till the date of realization, if the same are not paid
within a period of 30 days from the date of the award. The aforesaid
amounts were computed on the basis of the amounts received by the
respective parties and interest at the rate of 12% per annum from
06.05.2012, till the date of the award.

Source: Indian Kanoon

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