MOUSHUMI BHATTACHARYA
Future Market Networks Limited – Appellant
Versus
Laxmi Pat Surana – Respondent
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
Board of Control for Cricket in India vs. Netaji Cricket Club; (2005) 4 SCC 741
Hyder Consulting (UK) Limited vs. Governor
K.G. Derasari vs. Union of India; (2001) 10 SCC 496
Kamlesh Verma vs. Mayawati; (2013) 8 SCC 320
Moran Mar Basselios Catholicos vs. Most Rev. Mar Poulose Athanasius; AIR 1954 SC 526
Union of India v. Sandur Manganese & Iron Ores Limited; (2013) 8 SCC 337.
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