Bombay High Court Dismisses Chamber Summons Seeking Dismissal of Arbitration Petition Under Section 34 of Arbitration Act — Pre-Deposit Condition Under Section 7 of Interest on Delayed Payments Act, 1993 Upheld by Supreme Court. The Supreme Court held that the term 'appeal' in Section 7 of the 1993 Act includes a Section 34 application, and directed deposit of 75% of award amount, which was complied with, so the petition is to be heard on merits.
22 Oct 2010The respondent, Snehadeep Structures Pvt. Ltd., filed Chamber Summons No. 553 of 2010 seeking dismissal of Arbitration Petition No. 499 of 2003 filed ...




