HC asks MMRDA to deposit arbitral award in dispute with Reliance Infra

HC asks MMRDA to deposit arbitral award in dispute with

The Bombay High Court directed MMRDA to deposit ₹1,169 crore, an arbitration award, with the court registry in its dispute with Mumbai Metro One Pvt Ltd (MMOPL). The court refused an interim stay without the deposit, emphasizing the importance of upholding arbitral awards. MMRDA must deposit the amount by July 15 to stay the award's execution pending the final hearing.