Allowed
Premavathi Ashok singh v. The Authorised Officer, M/S.Kotak Mahindra Bank Ltd.
Madras HCArb Appln/300/2021
Case brief
AI extract
What is this about?
The High Court allowed an application under Section 30 of the Arbitration and Conciliation Act, 1996 (or equivalent provisions for enforcement of arbitral awards/decisions), to raise/lift an earlier order of attachment imposed on the applicant's properties because he had fully settled his dues to the respondent bank.
What did the court decide?
Order of attachment dated 16.03.2020 (A.No.8147 of 2019) is raised and the application is allowed.