Case Law Details
Brajesh Kumar Pannalal Vs Indusind Bank Limited (Madhya Pradesh High Court)
The case of Brajesh Kumar Pannalal vs. Indusind Bank Limited, heard in the Madhya Pradesh High Court, pertained to the enforcement of an arbitral award by the respondent bank against the petitioner. Here’s a detailed summary of the judgment:
The respondent bank initiated arbitration proceedings against the petitioner for the recovery of a loan amount. The arbitrator ruled in favor of the bank, directing the petitioner to pay a specified sum along with costs. Subsequently, the bank filed an execution petition seeking the recovery of the awarded amount plus interest.
The petitioner raised several objections against the execution of the arbitral award:
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