Power Grid Corporation of India Limited v. Deepak Cable (India) Limited
Case brief
What is this about?
The High Court allowed two applications seeking withdrawal of Section 34 challenges to arbitral awards. Consequently, the main OMPs seeking set-aside were dismissed as withdrawn, and enforcement petitions were disposed of with directions to stamp the award and eventually pay the amount.
What did the court decide?
Applications for withdrawal of Section 34 petitions allowed and disposed of. OMPs dismissed as withdrawn. Enforcement petitions disposed of with directions to stamp award and pay amount.