Court Halts ₹11.52 Crore Arbitral Award Against Union Territory in MSME Case: Jammu & Kashmir High Court

The Jammu & Kashmir and Ladakh High Court has granted an interim stay on the enforcement of an arbitral award of ₹11.52 crore, issued by the District Level Micro & Small Enterprises Facilitation Council (MSEFC), SAS Nagar, Punjab. This award was in favor of M/S JTL Infra Limited, directing the Public Health Engineering (PHE) Department of the Union Territory of Jammu and Kashmir to pay the amount. The order was…