Ms Sai Enterprises and Others v. Indian Bank and Others
Case brief
What is this about?
In a restoration application filed under Sec. 9 of the Arbitration and Conciliation Act, 1996, challenging the dismissal of an appeal for want of pre-deposit, the Appellate Court held that a dismissed appeal cannot be revived by making the pre-deposit at any later point in time, especially when the application is barred by limitation.
What did the court decide?
Restoration application rejected being barred by limitation; deposit of Rs. 20 lacs ordered to be returned within a fortnight.