The Sole Arbitrator awarded a principal decretal sum of INR 12,52,53,938/- and interest at 10% p.a. to the Applicant.

Respondents filed a joint petition under Section 34 of the Arbitration Act challenging the Award.

The execution of the Award was stayed to the limited extent of the 'costs' component of INR 22,25,000/- conditional upon a 100% deposit.

The amount of INR 14,79,71,228/- under the Award remains unsatisfied and outstanding.

The Applicant claims the Respondents are siphoning/dissipating assets to defeat the Award.

The Applicant claims that the Respondents furnished security worth INR 4 Crores.

The Respondents raised a preliminary objection on the lack of territorial jurisdiction of the Court.

The Sole Arbitrator awarded a principal decretal sum of INR 12,52,53,938/- and interest at 10% p.a. to the Applicant.

Respondents filed a joint petition under Section 34 of the Arbitration Act challenging the Award.

The execution of the Award was stayed to the limited extent of the 'costs' component of INR 22,25,000/- conditional upon a 100% deposit.

The amount of INR 14,79,71,228/- under the Award remains unsatisfied and outstanding.

The Applicant claims the Respondents are siphoning/dissipating assets to defeat the Award.

The Applicant claims that the Respondents furnished security worth INR 4 Crores.

The Respondents raised a preliminary objection on the lack of territorial jurisdiction of the Court.