Case Law Analysis
|Bombay High Court
Section 34 Arbitration Act | Claimants Entitled to Withdraw Deposited Award Amount Despite NHAI’s Challenge: Bombay HC
Bombay High Court rules that claimants can withdraw deposited arbitration award amounts under Section 34 challenges, subject to an undertaking to refund if the Supreme Court reverses the order. The ruling clarifies that mere pendency of an appeal does not bar withdrawal, ensuring liquidity for claimants during prolonged disputes.