Execution Of Gift Deed After Arbitral Award Was Passed Indicates Attempt To Frustrate Rights Of Decree Holder, Not Bona Fide Conduct: Delhi HC

The Delhi High Court addressed a case concerning the execution of a gift deed after an arbitral award was passed. The court ruled that such an action indicates an attempt to frustrate the rights of the decree holder and does not constitute bona fide conduct. It emphasized that parties cannot circumvent the enforcement of arbitral awards through subsequent transactions. The judgment highlighted the court's commitment to upholding the integrity of arbitral awards and preventing their circumvention. The court underscored the importance of good faith in post-award transactions.