#Indemnity Contract

The Supreme Court ruled that an indemnity obligation under a consent award is enforceable upon any liability imposed by a forum, such as a court-ordered deposit, without waiting for final appellate confirmation. This interpretation invalidates judicial delay tactics and reinforces strict adherence to contractual indemnity clauses in commercial disputes.

The Supreme Court ruled that an indemnity clause in a consent award becomes enforceable immediately upon crystallisation of liability, without awaiting final judicial confirmation. This decision clarifies that parties cannot delay indemnity payments under arbitration awards, impacting commercial dispute resolutions involving indemnity contracts.