The Cosmos Cooperative Bank Ltd. Through its Authorized Officer Shri Ratnakar Randive v. Ms Swastik Transport and Ors.
Case brief
What is this about?
Bombay High Court; Rajesh S. Patil, J.; 24 February 2026; IA/6910/2026 in IA/906/2025 in COMEX/36/2022; IA/6905/2026 in IA(L)/7435/2025 in COMEX/35/2022; Cosmos Cooperative Bank Ltd; Swastik Transport; Euro Merchandise I Ltd; amendment of interim application; Section 34 Arbitration and Conciliation Act; challenge to award; bona fide clerical oversight; decree holder; judgment debtor; commercial execution application; rejoinder; stand over 24/3/2026.
What did the court decide?
Both interim applications (IA/6910/2026 in IA/906/2025 in COMEX/36/2022 and IA/6905/2026 in IA(L)/7435/2025 in COMEX/35/2022) allowed in terms of prayer clause (b), permitting the decree-holder bank to amend its 2025 interim applications to record the judgment debtors' pending Section 34 Arbitration and Conciliation Act challenge to the award. Amendment to be carried out within two weeks; amended copies to be served on the judgment debtors within one week; decree holders may file rejoinders and judgment debtors may file responses within two weeks; the interim applications were disposed of accordingly and the underlying matters (IA(L) No.7435/2025 in COMEX No.35/2022 and IA No.906/2025 in COMEX No.36/2022) stand over to 24/3/2026.