Manjit Sudhist Kumar and Anr. v. Citicorp Finance (India) Ltd.
Case brief
What is this about?
The High Court of Judicature at Bombay, by consent, set aside an arbitral award of March 25, 2008, directed the arbitrator to pass a fresh award within eight weeks, required appellants to deposit Rs. 2,26,583/-, and noted that the original award would revive in case of default.
What did the court decide?
Arbitral award set aside; fresh award to be passed; deposit of Rs. 2,26,583/- by appellants within three weeks.