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Karta Personally Liable for HUF’s Unsatisfied Award Dues: Bombay HC

Case Law Details

Case Name
Manjeet Singh T. Anand Vs Nishant Enterprises HUF (Bombay High Court)
Date of Judgement/Order
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Advertisement Manjeet Singh T. Anand Vs Nishant Enterprises HUF (Bombay High Court) No Shield in Status: Karta’s Unlimited Personal Liability Reaffirmed in Award Execution-Bombay High Court  Karta Personally Liable for HUF’s Unsatisfied Award Dues-Bombay High Court  The Bombay High Court (Commercial Division) dealt with an interim application seeking enforcement-related reliefs in aid of execution of a final arbitral award dated 30 November 2023, under which a sum of about ₹14.79 crore (excluding costs already deposited) remained unsatisfied. The award was passed against a HUF engag...
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Author Info

CA Vijayakumar Shetty
Qualification: CA in Practice
Company: Shetty & Co, Chartered Accountants, Mangalore
Location: Mangalore, Karnataka
Articles Published: 5,900

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