High Court Dismisses Petition Challenging Conditional Stay on Arbitral Award in Development Agreement Dispute. Court upheld District Court's order requiring deposit of entire award amount with interest for stay under Section 36 of Arbitration and Conciliation Act, 1996, finding no legal infirmity or perversity warranting interference under Article 227 of Constitution of India.
18 Mar 2026The dispute arose from a development agreement dated 17 November 2015 between the petitioners (developers) and respondents (original owners and stakeh...




