Executing Court Can Direct Award-Debtor To Deposit Decretal Amount In Court Until Petition U/S 34 Of Arbitration Act Is Disposed Of: P&H High Court

The Punjab & Haryana High Court has directed that an award debtor must deposit the decretal amount in court while a petition under Section 34 of the Arbitration Act is pending. This ruling ensures that award creditors are secured during the pendency of challenges to arbitral awards. The court emphasized the need to balance the rights of both parties, maintaining the enforceability of arbitral decisions while allowing for legitimate challenges. This decision supports the integrity and finality of arbitration awards, protecting creditors' interests during judicial review.