Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

setting aside arbitral award

(Querist) 29 November 2018 This query is : Resolved 
dear sir an arbitral award was passd against me as a default loanee and the inventory concerned was also sold for realization of the awarded money and thanon challenge the said order was set aside by the court now when the arbitral award is set aside how can i get my inventory back when its already sold to the third party
KISHAN DUTT KALASKAR (Expert) 30 November 2018
Dear Sir,
File an application before the concerned court arraying the purchaser as a party and also the banker/decree holder to whom notices will be issued by the Lower Court about the decision taken by higher court thus you get the appropriate remedy.

Please mark “LIKE” if satisfied by my answer.
Dr J C Vashista (Expert) 01 December 2018
When the inventory articles/stock was sold, did you not take a "stay on proceeding" or not? Presumably there was "NO" stay on execution.
Now since the arbitral award has been set aside you can move for compensation of your inventory articles/stock.
Kumar Doab (Expert) 01 December 2018
Subsequent to good responses in the thread; Your own LOCAL counsel can guide and help further.


You need to be the querist or approved LAWyersclub expert to take part in this query .


Click here to login now



Similar Resolved Queries :