Dismissed
Bank of India v. Skm Industrys
DRTOA/128/2022
Case brief
AI extract
What is this about?
The Arbitral Tribunal addressed the applicant-Bank's application under Section 34 of the Arbitration Act to set aside an award. The Court accepted the defendants' offer to deposit Rs. 65lac as settlement during pendency. Consequently, the present application was disposed of as withdrawn and the record was consigned.
What did the court decide?
Application disposed of as withdrawn; record consigned to record room.