Bombay HC upholds arbitral award in favour of Government of Israel, directs city-based firm to return security depositSeptember 12 2019
The Bombay High Court recently upheld an arbitral award passed in favour of the Government of Israel, and directed a company in South Mumbai to refund a security deposit worth Rs. 1.17 crore paid for office space given on rent basis for the Israeli Consulate between 2009 and 2012.
Justice RD Dhanuka passed an order to this effect while dismissing a plea filed by filed by Earnest Business Services Private Limited, challenging an arbitral award passed last year,
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