Govt Authority Must Furnish Security Before Getting Stay On Award U/S 36(3) Of A&C Act, No Special Treatment Can Be Given: Calcutta High Court

The Calcutta High Court ruled that any petitioner, including government authorities, must provide security before seeking a stay on an arbitration award under Section 36 of the Arbitration Act. The ruling ensures that stays are not granted without the petitioner taking adequate steps to secure the interests of the other party, preventing potential harm in arbitration disputes.