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Execution of arbitration award

(Querist) 23 June 2010 This query is : Resolved 
Dear All,

My query is as follows :

Can a lender who has secured an arbitration award against a borrower company go for execution of the award against company as well as the guarantors of loan when the guarantors were not a party to the arbitration proceedings and arbitration award is also against the company only.

Pls take some time to explore some authorities on the above subject.

Regards
Nitin Satija


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