SAIF POWER LIMITED vs SUI NORTHERN GAS PIPELINES LIMITED Ss — 2026 CLD 260 LAHORE-HIGH-COURT-LAHORE

Case information

Citation: 2026 CLD 260 LAHORE-HIGH-COURT-LAHORE
Court: Lahore High Court
Year: 2026
Reporter: CLD
Parties: SAIF POWER LIMITED vs SUI NORTHERN GAS PIPELINES LIMITED Ss
Subject matter: Civil
Provisions referred to: S. 29

Fields are extracted from the reported citation and judgment text. Where a detail is not stated in the record, it is not shown.

Judgment text as reported

SAIF POWER LIMITED VS SUI NORTHERN GAS PIPELINES LIMITED Ss.29 & 39---award---Grant of interest, by arbitrator---Jurisdiction---Dispute between the parties was with regard to grant of interest on the amount determined by arbitrator---Held: arbitrator had no power and authority to grant interest on the amount of damages/compensation from the year 2014 till its realization---Such power was only with Trial Court under S. 29 of arbitration act, 1940 and the interest should be granted if Court desired, from the date of order or decree---Generally in absence of express or implied contract to pay interest, it could not be allowed on damages for breach of contract---arbitrator could not award interest, on his own on the amount of compensation---Interest and sum of award as damages could not be allowed for period prior to the date of award under S. 29 of arbitration act, 1940 and the Court was empowered/competent to allow interest of award from the date of decree till payment---Trial Court rightly modified the order in respect of interest awarded by the arbitrator as such order of arbitrator in respect of interest was without jurisdiction---High Court declined to interfere in judgment and decree passed by Trial Court, as the appellants failed to point out any illegality or material irregularity in the same---appeal was dismissed in circumstances.

Other judgments reported in 2026 CLD

2026 CLD 745 SECURITIES-AND-EXCHANGE-COMMISSION-OF-PAKISTANSALAAM TAKAFUL LIMITED VS DIRECTOR/HOD, ADJUDICATION DEPARTMENT-I, SECP, ISLAMABAD. Ss. 11(1)(b) & 29(2)(a)---Insurance company---Minimum st…
2026 CLD 704 SECURITIES-AND-EXCHANGE-COMMISSION-OF-PAKISTANFLOAT SECURITIES PRIVATE LIMITED VS COMMISSIONER (SMD). Reglns. 4(d), 16(9)(e) & 18( c ) (ii)---Maintaining independent audit function, fail…
2026 CLD 677 SECURITIES-AND-EXCHANGE-COMMISSION-OF-PAKISTANNEXT CAPITAL LIMITED VS EXECUTIVE DIRECTOR, ADJUDICATION DEPARTMENT-I, SECP. Reglns. 6(3)(a), 6(3)(c), 6(4), 6(8), 4(a) & 13(7)---Requiremen…
2026 CLD 638 SECURITIES-AND-EXCHANGE-COMMISSION-OF-PAKISTANFIRST NATIONAL EQUITIES LIMITED VS DIRECTOR/HOD, ADJUDICATION-I. Reglns. 11, 13, 31 & annex. 1---anti-Money Laundering act (VII of 2010), Ss…
2026 CLD 528 SECURITIES-AND-EXCHANGE-COMMISSION-OF-PAKISTANCEDAR CAPITAL (PRIVATE) LIMITED (CCPL) VS COMMISSIONER, SMD, SECP. Ss. 15a & 15B---Right issue---Scope---Underwriting---Scope---Trading / pu…
2026 CLD 505 SECURITIES-AND-EXCHANGE-COMMISSION-OF-PAKISTANKASHF FOUNDATION VS EXECUTIVE DIRECTOR ADJUDICATION. Reglns. 6(5)(a), 6(3)(a), 6(4), 6(8) & 13(7)---Anti-Money laundering regulatory require…

Back to the case-law library · Search Pakistani case law in Urdu or English