Himachal Pradesh High Court: Deposit of Awarded Amount in Court Registry Extinguishes Liability

The Himachal Pradesh High Court ruled that depositing the awarded amount in the court registry is sufficient to extinguish liability in arbitration cases. The court emphasized that once the amount is deposited, the debtor's obligation is fulfilled. This decision clarifies the process for satisfying arbitration awards and underscores the importance of adhering to court orders in dispute resolution.