Supreme Court of India
International Seaport Dredging Pvt Ltd v. Kamarajar Port Limited
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
What the Court ordered
We are of the view that the order of the High Court requires modification.
Judgment, page 10
From the headnote
Issue for Consideration Matter pertains to the correctness of the order passed by the High Court granting stay on the execution of the award conditional on the respondent furnishing a bank guarantee. Headnotes† Arbitration and Conciliation Act 1996 – ss.36, 34 – Arbitral award – Stay on enforcement – Dispute between parties – Invocation of arbitration agreement – Arbitral award passed directing the respondent to pay the appellant certain sum with 9% interest which would be increased to 12% p.a. if not paid within three months and certain amount as costs – Applications u/s.33 for correction of
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