Authority: Court (presided by Chief Justice G.S. Sandhawalia and Judge Bipin C. Negi)
Order Date: 15 July 2026
Case Overview
- Parties: Himachal Pradesh State Electricity Board Limited (applicant/respondent) vs. Engenrin Hydro Power Ltd. (non‑applicant/appellant).
- The dispute concerns the release of the remaining award amount that Engenrin had deposited in the court registry following an earlier award dated 31 December 2022.
- The original arbitration award (CARBC No. 15 of 2025) arose from an agreement dated 15 April 2003.
- Earlier, on 20 March 2026, the court granted the applicant liberty to withdraw the amount, subject to conditions.
- A subsequent application (CARAP No. 13 of 2026) sought to stay the operation of the impugned order dated 28 November 2025, but the court found no ground to stay execution, emphasizing the claimant’s right to the fruits of litigation.
- The court reiterated that if the award is later set aside, the withdrawn amount must be returned with interest.
Final Outcome
- The court allows the withdrawal of the award amount.
- The amount shall be disbursed to the bank account specified in Paragraph 4 of the application.
- The applicant (HPSEB) must furnish an undertaking to refund the amount, with interest, should the appellant (Engenrin) succeed in its appeal.
- The application is disposed of accordingly.
Topics: Award Release, Electricity Board Litigation