Authority: Supreme Court of India (Civil Appellate Jurisdiction)
Order Date: 26 October 2026
Case Overview
- Appellant: M/S Radhika Projects Private Limited; Respondent: M/S J B Homes Builders and Developers.
- The dispute arose from an arbitral award; the appellant challenged the award under Section 34 of the Arbitration and Conciliation Act, 1996 before the Commercial Court.
- The Commercial Court conditionally stayed the award, directing the appellant to deposit Rs 1,02,50,000 within ten days; the appellant failed to do so, and the stay was closed.
- The appellant approached the High Court, which on 23 July 2026 and 27 July 2026 extended the deadline, and on 30 July 2026 the appellant sought a two‑month extension.
- The High Court, by order dated 04 August 2026, recorded counsel’s statement that payment would be made by 07 August 2026, granted time accordingly, but the payment was not made.
- The same High Court order allowed the appellant to deposit Rs 25,00,000 by 18 August 2026 and the balance by 25 August 2026, and stayed execution proceedings pending the next hearing.
- Respondent’s senior counsel, Mr. Sanjay Nuli, submitted that the amount has since been deposited and requested the Commercial Court (C.O.P. No.57 of 2026) to dispose of the Section 34 petition within three months, subject to cooperation of both parties.
- The Supreme Court noted that the parties may resolve the dispute amicably if they wish.
Final Outcome
- The Supreme Court disposed of Civil Appeal No. … (SLP (C) No.27954/2026) in terms of the signed order placed on file.
- All pending applications, if any, were ordered to stand disposed, thereby closing the matter.
Topics: Arbitration, Construction Dispute