Bombay High Court Dismisses Stay Application in Arbitration Award Challenge — No Prima Facie Case Made Out for Unconditional Stay Under Section 36(3) of Arbitration Act. The court held that the applicant failed to demonstrate a prima facie case, balance of convenience, or irreparable loss required for stay of an arbitral award under Section 36(3) of the Arbitration and Conciliation Act, 1996 read with Order XLI Rule 5 CPC.
16 Dec 2016The applicant, M/s. PFS Shipping (India) Limited, filed a Notice of Motion seeking unconditional stay of an arbitral award dated 30th April 2016, pend...




