No TDS on Arbitral Award Without Statutory Authority; Refund Ordered – Calcutta HC

P.G. And W. Sawoo Private Limited Vs Union of India (Calcutta High Court) The Calcutta High Court adjudicated the Execution Petition filed by the Award Holder seeking enforcement of an arbitral award dated 24.01.2024, along with an Additional Award dated 28.03.2024. Neither the original award nor the additional award had been challenged, and both had attained finality. The original award directed the Award Debtor to pay Rs. 58,00,172 towards unpaid rent, Rs. 2,54,37,533 for unpaid mesne profits, interest at 10% per annum on these sums from 01.07.2021 until the date of the award, Rs. 55,55,339 ...