L and T Finance Ltd. v. Transwell Cargo Movers and Anr.
Case brief
What is this about?
The Bombay High Court allowed part of an arbitration petition seeking interim relief. The court ordered the respondents to deposit the disputed amount with the arbitrator, noting that persistent defaults justified the order.
What did the court decide?
Directing respondents to deposit the disputed amount exceeding Rs. 56 lacs into the account of the arbitral tribunal.