Vijay Natwarlal Lakhani v. R. S. Co-Op. Bank Ltd.
Case brief
What is this about?
The High Court rejected a writ petition challenging an interlocutory order denying a stay on the execution of an arbitral award. The Court held that since the petitioner failed to deposit the admitted amount, the case was not fit for interference, but allowed conditional execution upon deposit of the award amount in installments.
What did the court decide?
Writ petition rejected; execution of award stayed conditionally upon deposit of award amount in two installments.
What the court decided
IN THE HIGH COURT OF JUDICATURE OF BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
WRIT PETITION NO.1903 of 2005
Vijay Natwarlal Lakhani .. Petitioner
versus
R.S. Co-op Bank Ltd. .. Respondents
Mr.S.V. Borkar with C.S. Karkera for the
petitioner.
Mr.S.C. Naidu with Jay Choksi for the respondent
no.1.
CORAM : D.G. KARNIK,J.
DATED : 18th July 2005.
Issues for consideration
2 issues framed by the court
Whether the writ petition should be allowed despite the lack of deposit of the admitted amount.
Whether a stay on execution of the award can be granted conditionally.
Parties & counsel
- petitioner
Vijay Natwarlal Lakhani
- respondent
R.S. Co-op Bank Ltd.
Coram
D.G. KARNIK
Case details
As recorded by the court registry
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