Disposed
Mazgaon Docks Ltd. v. Karunya Marifab Enterprises
Bombay HCARBP/1008/2018
Case brief
AI extract
What is this about?
This court disposed of an arbitration petition challenging an award. The High Court ruled that it would not survive as the award had already been quashed in an earlier appellate writ petition for conducting conciliation proceedings while adjudicating under Section 18(3) of the MSMED Act. The registry was directed to refund the deposited amount with interest.
What did the court decide?
The petition was disposed of; registry directed to refund the deposited amount of Rs.2.63 crores with interest within four weeks.