The dispute arose between the parties regarding non-payment of ...

Arbitration Award Stayed: Court Orders Security Deposit and Injunction to Protect Tenant's Possession Amidst Dispute.

August 3, 2024

Case Laws Insolvency and Bankruptcy HC

The dispute arose between the parties regarding non-payment of rent. As per the agreement, the matter reached the Arbitrator, who allowed the petitioner/landlord's claim and directed recovery of a sum along with GST, interest, and other expenses. The petitioner claimed to have secured keys from security guards, while the respondent denied having any security guard. A criminal case was registered, and an application was filed on 17-10-2023. The vacation Court heard the matter and passed an order on 18-10-2023 after considering objections. The order stayed the Arbitrator's award, subject to the respondent furnishing a security deposit covering 5% of the award amount and granted a temporary injunction restraining the petitioner from disturbing the respondent's peaceful possession. The petitioner argued that the Court passed the order in a hurry, but the High Court dismissed the petition.

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The dispute arose between the parties regarding non-payment of ...

Arbitration Award Stayed: Court Orders Security Deposit and Injunction to Protect Tenant's Possession Amidst Dispute.

August 3, 2024

Case Laws Insolvency and Bankruptcy HC

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