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2022 Supreme(Cal) 1599

MOUSHUMI BHATTACHARYA
Future Market Networks Limited – Appellant
Versus
Laxmi Pat Surana – Respondent


Advocates:
Advocate Appeared:
For the Appellant : Mr. Rishad Medora, Adv, Ms. Pooja Chakraborty, Adv., Ms. Radhika Misra, Adv., Ms. Debomita Sadhu, Adv., Mr. Roshni Deepta Acharya, Adv.
For the Respondents: Mr. Jishnu Chowdhury, Adv., Mr. Souradeep Banerjee, Adv., Mr. Abhidipto Tarafdar, Adv., Mr. Shuvasish Sengupta, Adv., Mr. Arindam Guha, Adv.

JUDGMENT :

Moushumi Bhattacharya, J.

1. The petitioner seeks review of a Judgment and order passed by this Court on 28.4.2022 on the grounds contained in the Memorandum of Review. The impugned judgment directed stay of the operation of an arbitral award dated 19.5.2016 upon the petitioner depositing the amount directed by the court being Rs. 5,08,80,941/-by way of a bank guarantee and an equal amount in cash with the Registrar, Original Side of this Court within four weeks from the date of the judgment. It was further directed that the respondent no. 1 award-holder would be free to take appropriate steps in the execution proceedings on the petitioner defaulting in complying with the directions contained in the judgment.

2. The said judgment and order was passed in an application filed by the petitioner on the question whether the amount of the award would include the interest component and have a bearing on the conditions which may be imposed for grant of stay of the award under Section 36 of The Arbitration and Conciliation Act, 1996.

3. The petitioner seeks review of the judgment on the ground that the order passed by this Court ought to be revisited under Section 31(7) of the 1996 A

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