Ms Loknete Sundarraoji Solanke Sahakari Sakhar Karkhana Ltd. Thru Secretary S B Lagad v. Ms Durga Chemicals Vivekanand nagar Parli Vaijnath Dist Beed
Case brief
What is this about?
Civil Application 4807/2025 in ARBA/44/2024; High Court of Bombay, Aurangabad Bench; Arun R. Pedneker J.; decided 13-03-2026; Section 34 Arbitration and Conciliation Act 1996 challenge; District Court Kaij, District Beed; deposit of 75% of awarded amount; appellant/non-applicant withdrew 50%; District Court allowed Section 34 application and set aside arbitral award; withdrawal of remaining 50% deposit with interest (Rs.51,86,859/-) from M.C.A. No.79 of 2013 (old No.32 of 2022) permitted; conditional redeposit if appellant succeeds in appeal; application disposed of.
What did the court decide?
Permission granted to the applicant to withdraw the remaining 50% of the deposited amount with accrued interest lying in M.C.A. No.79 of 2013 (old No.32 of 2022) in the District Court at Kaij, conditional on redepositing/paying back the withdrawn amount if the appellant succeeds in the pending appeal.