16-CARBP-602-2021.doc

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION

IN ITS COMMERCIAL DIVISION

COMMERCIAL ARBITRATION PETITION NO. 602 OF 2021

Tata Capital Financial Services Ltd.

.. Petitioner

Vs.

Prasad Enterprises & Ors.

.. Respondents

Mr. Ziyad Madon a/w. Ms. Ashrita Anand Chindarkar a/w. Mr. Lalit

Katariaya i/b. Katariya & Associates for the Petitioner.

CORAM :- B.P.COLABAWALLA, J.

DATE :- 13^th DECEMBER, 2021.

P. C.:

1.

The above Petition is filed under Section 9 of the

Arbitration and Conciliation Act, 1996 (for short “the Arbitration Act”)

seeking the following reliefs:

“(a) that pending hearing and final disposal of the Petition and

arbitral proceedings, passing of the Arbitral Award and until final

execution of the Award this Hon’ble Court be pleased to order and

direct the Respondents jointly and/or severally to deposit the

amount of Rs.1,82,77,685.83 (Rupees One Crore Eighty Two

Lacs Seventy Seven Thousand Six Hundred Eighty Five and

Paise Eighty Three Only) due as on 24^th March, 2021 as more

particu