Authority: High Court at Calcutta, Commercial Division
Order Date: 3 September 2026
Case Overview
- Parties: IDFC FIRST BANK LTD (petitioner) vs. Indrakshi and others (award‑holder).
- Petition: Execution of a unilateral award dated 21 June 2021.
- Legal Basis: The Court relied on the Supreme Court decision in Bhadra International (India) Pvt. Ltd. & Airports Authority of India (2026 SCC OnLine SC 7) and its own judgment dated 14 May 2026 in EC‑COM‑334 of 2026, concluding that the award is a non‑EST award and therefore not enforceable under the law.
Final Outcome
- The execution petition is dismissed as not maintainable.
- Liberty is granted to the award‑holder to pursue any other appropriate remedies.
Topics: Legal, Banking