Ircon Infrastructure and Services Litd v. Indore Multi Functional Complex Private Limited
Case brief
What is this about?
Enforcement petition of an interim arbitral award regarding arrears payable by the judgment debtor. On the debtor's undertaking, the court directed payment in six monthly equated installments by DD or online transfer, invoicing to record 'rent' instead of 'user charges', and liberty to revive on default.
What did the court decide?
JD directed to pay Rs.1,07,59,435/- in six monthly installments by DD/online transfer; DH to issue 'rent' invoices; liberty to revive on default.