Ms Bscpl Infrastructure Ltd. v. Union of India & Anr.
Case brief
What is this about?
Execution of an arbitral decree against the Union of India. The Union's counsel undertook to deposit Rs. 29,03,98,178/- within two days and up-to-date interest within two weeks thereafter; on deposit, the decree-holder may withdraw upon furnishing security. Execution petition disposed of with liberty to revive if payment fails.
What did the court decide?
Decree amount and interest to be deposited by judgment debtors; decree-holder permitted to withdraw on furnishing security; liberty to revive execution petition on non-payment.