Supreme Court · 2024 INSC 827 · Decided 24 October 2024

International Seaport Dredging PVT LTD v. Kamarajar Port Limited

Court
Supreme Court of India
Citation
2024 INSC 827 · [2024] 10 S.C.R. 1503
Case number
CIVIL APPEAL No. 12097/2024
Decided
24 October 2024
Bench
D.Y. CHANDRACHUD, J.B. PARDIWALA, MANOJ MISRA (3-judge bench)
Outcome
Appeal(s) allowed
Case type
Civil
Acts & sections cited
CPC; Arbitration Act Section 36, 34

Headnote

Matter pertains to the correctness of the order passed by the High Court granting stay on the execution of the award conditional on the respondent furnishing a bank guarantee. Arbitration and Conciliation Act 1996 Arbitral award - Stay on enforcement - Dispute between parties - Invocation of arbitration agreement - Arbitral award passed directing the respondent to pay the appellant certain sum with 9% interest which would be increased to 12% p.a. if not paid within three months

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