Supreme Court · 2022 INSC 981 · Decided 19 September 2022
Sepco Electric Power Construction Corporation v. Power Mech Projects LTD.
- Court
- Supreme Court of India
- Citation
- 2022 INSC 981 · [2022] 7 S.C.R. 343
- Case number
- CIVIL APPEAL No. 6789/2022
- Decided
- 19 September 2022
- Bench
- INDIRA BANERJEE, KRISHNA MURARI (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- CPC; Arbitration Act Section 36, 9
Headnote
Arbitration and Conciliation Act, 1996: ss. 36 and 9 - Arbitration award - Interference with - On facts, award of Rs 142 cr in favour of the respondent - Challenge to, by the appellant before the High Court u/s. 34 - Same day the appellant filed interim application the arbitral award - Subsequently, the respondent filed an application u/s. 9 seeking orders on the appellant to furnish security against the amount awarded - Thereafter, appellant directed to deposit 10% of the amounts in its bank accounts, at interval of every 15 days -
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