Allowed
Mecwel Constructions Private Limited v. Ge Power Systems India Private Limited & Anr.
Delhi HCO.M.P.(I) (COMM.)/8/2024
Case brief
AI extract
What is this about?
The High Court of Delhi disposed of interim applications regarding fixed deposits furnished in arbitration matters. The Court held that since arbitral proceedings had terminated and none were pending, the directions binding the respondents to maintain arrangements lapsed, ordering the return of the fixed deposit to the respondents.
What did the court decide?
Fixed deposit receipt is to be returned to the respondent; applications disposed of.