Enhancement of interest in absence of appeal

Arbitration - International Arbitration - Enhancement of interest in absence of appeal - Board of Appeal constituted under the rules of Federation of Oil, Seeds and Fats Associations Ltd. (FOSFA), London while deciding the appeal of NAFED enhancing the interest whereas Alimenta S.A. filed no appeal - NAFED was directed to pay interest components at the rate of 11.25% instead of 10.5% p.a. - It was not open to the Board of Appeal to increase the interest in the absence of appeal - Foreign Awards (Recognition and Enforcement) Act, 1961- Section 7. #2020 SCeJ 676