This application seeking payment of Rs. 50 lacs from court deposits liable on an arbitral award that was partially set aside was allowed, directing the registry to effect the transfer.
Registry directed to pay out a sum of Rs. 50 lacs after effecting deductions if any.
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A.No.2780 of 2022 in O.P.No.495 of 2013
SENTHILKUMAR RAMAMOORTHY, J
The applicant seeks payment out of a sum of Rs.50 lacs which is lying to the credit of O.P.No.495 of 2013. This application is filed pursuant to order dated 10.02.2022 by which the arbitral award was set aside in part and upheld in part.
Accordingly, this application is allowed by directing the Registry to pay out a sum of Rs.50 lacs which is lying to the credit of O.P.No.495 of 2013, after effecting deductions if any. The payment instrument may be
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SENTHILKUMAR RAMAMOORTHY, J
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handed over to the learned counsel for the applicant within a period of two weeks from the date of receipt of a copy of this order.
20.10.2022
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A.No.2780 of 2022 in O.P.No.495 of 2013
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Applicant
Respondents
SENTHILKUMAR RAMAMOORTHY
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
