Proposal To Furnish Bank Guarantee, Not Enough For Stay Of Award, Should Establish Prima Facie Merits: Gujarat High Court
In a recent decision, the Gujarat High Court dismissed a petition by Mother Dairy Fruit and Vegetable Pvt. Ltd. seeking a stay on the enforcement of an arbitral award granted to Keventer Agro Limited. The judgment underscores the court's stance on the enforcement of arbitral awards under the Arbitration and Conciliation Act, 1996. Case Background The case involves Mother Dairy Fruit and Vegetable Pvt. Ltd., the petitioner, and Keventer Agro…
