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IN THE HIGH COURT AT CALCUTTA
DEBANGSU BASAK, MD.SHABBAR RASHIDI
National Insurance Company Limited – Appellant
Versus
Tirupati Food Products – Respondent
JUDGMENT :
DEBANGSU BASAK, J.
1. Appellant has assailed the order dated November 10, 2025 passed in AP COM 697 of 2025.
2. By the impugned order, learned Single Judge has disposed of a petition under Section 36(2) of the Arbitration and Conciliation Act, 1996 by granting stay of an award which was the subject matter of challenge under Section 34 of the Act of 1996 in AP COM 361 of 2024 on the condition that the appellant deposits the entire awarded amount along with awarded interest with the Registrar, Original Side. Learned Single Judge has directed the Registrar, Original Side to invest such amount in interest bearing auto renewal fixed deposit account in any nationalized bank and retain the same till disposal of AP COM 361 of 2024.
3. Learned advocate appearing for the appellant has contended that, the appellant is an insurance company. He has contended that, directing deposit of the entire awarded amount is prejudicial to the financial health of the appellant. Appellant has substantial assets including immovable property which can be taken as security. The appellant can also furnish a bank guarantee if directed by the Court to secure the arbitral amount.
4. On the aspect of right of
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