Arbitral Awards as Money Decrees: Bombay High Court Mandates 100% Deposit for Stay
In a recent development in the Commercial Arbitration Petition No. 1131 of 2018, the Bombay High Court, under the jurisdiction of Section 36(3) of the Arbitration Act, has granted a stay on the execution, operation, and effect of an impugned award dated 5th July 2018. This decision came through Interim Application (L) No. 779 of 2024. Case Background: The case involves M/s. Balmer Lawrie & Co.Ltd. as the Applicant/Petitioner and…
