Sirs,

An arbitration award by BSE was payment of principal and interest at 9% on the amount awarded. I have paid the amount in instalments and recently (after nearly 5 years after the award) I completed paying the entire principal. I need advice regarding the interest to be paid. 1) Is interest to be paid on the reduced outstandings after each instalments OR 2) interest to be paid on the entire balance till it was cleared. Request please advise