ORAL JUDGMENT:

1. The Chamber Summon s is filed by th e Maharashtra State Electricity Distribution Compan y Limited (“MSEDCL”), the unsuccessful respondent to an arbitral award . These are the prayers in the Chamber Summons:

(a) That upon th e Applic ant depos iti ng a sum of Rs.46,89,16,396/- this Hon’ble Court be pleased to declare that the arbitration award dated 18th June 2004 stands fully satisfied and the Applicant stands discharged therefrom;

(b) That thi s Hon’b le C our t be p lea sed to raise attachment of Applicant’s bank account being Schedule as attached in the Warrant o f attachment dated February 22, 2018 vide warrant of attachment (Exhibit “A” hereto);

(c) That pending the hearing an d fina l dispos al of the Chamber Summons Applicant may b e allowe d to deposit an amount of Rs.46,89,16,396/- through Demand Draf t no 977411 dated 6th February 201 8 (Ban k of Maharashtra) in satisfaction o f th e awa rd dated 18th June 200 4 and attachment of Applic ant’s Bank account being 0239256010710, Canara Bank , Tamarin d Lan e bran ch be raised;

2. The Chamber Summons wa s firs t move d o n 24 th February 2018. As I was unavailabl e tha t da y, MSEDC L mov ed befo re AK Menon J. I