Godrej and Boyce Mfg Co. Ltd. v. Remi Sales and Engineering Ltd.
Case brief
What is this about?
Interim application in an arbitration petition concerning stay of enforcement and a frozen bank account. The petitioner undertook to deposit the entire decreetal amount in court within four weeks; the respondent agreed to seek de-freezing of its bank account upon such deposit. The application was disposed of accordingly.
What did the court decide?
Applicant to deposit decreetal amount of Rs.7,53,44,878/- in four weeks; respondent then to seek de-freezing of bank account CC A/c No.00600310029257; liberty to file withdrawal application.