JUDGMENT

Chandra Dhari Singh, J.

I.A No. 22022/2022 (under Section 151 CPC)

1. The instant application under Section 151 of the Civil Procedure Code, 1908 (hereinafter "CPC") has been filed on behalf of applicant/respondent seeking the following reliefs: a. Direct the release of the entire deposited amount of Rs. 3,76,84,360/- with the registry of this Hon'ble Court in favour of the respondent. b. Pass any other order or direction as this Hon'ble Court may deem fit & proper in the interest of justice.

FACTUAL MATRIX

2. The learned Arbitrator has passed the Award dated 22nd April 2019 granting an amount of Rs. 3, 11, 90,000/- along with interest @ 10% per annum from the date of cancellation of the Contract continuing till realization and which was required to be paid within a period of 90 days from the date of Award i.e. 22nd April 2019, failing which interest @ 18% per annum is to be applicable after the expiry of 90 days of the Award.

3. The non-applicant/petitioner herein filed the petition under Section 34 of the Arbitration and Conciliation Act, 1996 (hereinafter "the Act, 1996") to challenge the Award dated 22nd April 2019, which was dismissed by a Coordinate Bench of this Co