Published on : 24 Oct 2025, 4:26 am 4 min read

The Bombay High Court has refused to grant an unconditional stay on the execution of an arbitral award of about ₹250.82 crore passed in favour of L&T-STEC JV against Mumbai Metro Rail Corporation Limited (MMRCL). ( Mumbai Metro Rail Corporation Limited Vs L&T-STEC JV Mumbai )

Justice Somasekhar Sundaresan held that MMRCL could not make out a case of perversity in the arbitral award that would justify staying its execution without deposit.

The Court directed that the award would remain stayed only if MMRCL deposits the entire awarded sum along with interest within eight weeks.

“ They do not scream themselves aloud calling for an ex facie finding of abject perversity warranting an unconditional stay ,” the Court said.

The or

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