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2018 Supreme(Bom) 1264

S.C.DHARMADHIKARI, B.P.COLABAWALLA
Shailendra Bhadauria – Appellant
Versus
Matrix Partners India Investment Holdings LLC – Respondent


Advocates Appeared:
For the Appellants : Mr. Zal Andhyarujina with Mr. Vaibhav Sugdare, Mr. Hursh Meghani, Mr. Samsher Garud & Ms Radhika Nair i/by Jayakar & Partners.
For the Respondents:Mr. Janak Dwarkadas, Senior Advocate with Mr. Sharan Jagtiani, Mr. Nitesh Jain, Ms. Juhi Mathur, Mr. Aditya Malhotra & Ms. Ayusmita Sinha i/by Shardul Amarchand Mangaldas & Co., Mr. Rakesh V. Misar i/by Kachwala Misar & Co.

ORDER :

S.C. DHARMADHIKARI, J.

1. These commercial appeals challenge an order passed by a learned single Judge on 20-8-2018 in Chamber Summons (Lodging) No.1167 of 2018 in Execution Application No.2113 of 2018. This order reads as under :-

“1. This is a Chamber Summons in execution of an interim order made by an Arbitral Tribunal under Section 17 of the Arbitration and Conciliation Act 1996 (“Arbitration Act”). The operative portion of the interim order is from pages 98 to 101. There is a specific finding against the Respondents and an order that they must jointly and severally deposit an amount of Rs.190 crores within four weeks or alternatively furnish a bank guarantee. There are also injunctions granted in clauses (c), (d) and (e) of the operative portion. Clause (f) is an order of disclosure. The injunctions in terms of clauses (c), (d) and (e) of the interim order will necessarily have to continue as injunctions of this Court in this Chamber Summons. The order of disclosure in clause (f) of the interim arbitral order is one that was required by the Tribunal. What is sought

















































































































































































































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