Bombay High Court Orders Stay on Execution of Arbitral Award, Mandates Deposit of Awarded Amount

In a significant ruling, the Bombay High Court, under the bench of Justice R.I. Chagla, has granted a stay on the execution, operation, and effect of an arbitral award dated July 5, 2018, passed by a Sole Arbitrator, subject to specific conditions imposed on M/s. Balmer Lawrie & Co. Ltd., the petitioner in the case

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