pec Ltd. v. curzon maritime Ltd.
Case brief
What is this about?
In an appeal connected to arbitration proceedings, the High Court stayed the operation of an impugned judgment dated 14.03.2005 subject to the appellant furnishing a bank guarantee of Rs.95 lakhs and ordered the raising of the attachment of specific premises.
What did the court decide?
Stay of impugned judgment of 14.03.2005 upon furnishing bank guarantee of Rs.95 lakhs; attachment of Arcadia premises and movable properties raised upon furnishing the guarantee.