The Bombay High Court recently imposed a total cost of ?20 lakh on a builder and its director, dismissing their appeals against an international commercial arbitration award. The appeals were deemed not maintainable by the court.

The court directed that ?10 lakh be paid to one of the parties involved in the dispute and ?10 lakh to the State Legal Services Authority. The matter relates to a 2014 arbitral award of ?178 crore, plus interest, concerning certain contracts with domestic and Mauritius-based entities. Recovery proceedings had sought enforcement of a total of ?276 crore from the builder and director.

Earlier, a court receiver was appointed over certain disputed properties of the builder. The High Court referenced the Supreme Court’s prior interpretation of the Arbitration and Conciliation Act and the Commercial Courts Act, emphasizing that arbitration is intended to provide speedy dispute resolution and prevent delays in enforcing foreign arbitral awards.

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