The Bombay High Court earlier this month refused to grant an immediate unconditional stay on the execution of an arbitral award of nearly Rs 250.82 crore granted in favour of L&T-STEC JV Mumbai against Mumbai Metro Rail Corporation Limited (MMRCL), related to a contract for designing and building certain Metro stations and tunnels.

A single-judge bench of Justice Somashekhar Sundaresan passed an order in an interim application of MMRCL seeking an unconditional stay on the award without any requirement to make any deposit of amounts awarded. The application was filed by MMRCL in its commercial arbitration petition challenging the arbitral award under Section 34 of the Arbitration and Conciliation Act, 1996.

The high court held that “no case is made out such the impugned award is tainted b

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