HARSHVARDHAN METALS LTD & ANR vs ISF COMMODITIES(P) LTD

IN THE HIGH COURT OF DELHI AT NEW DELHI Date of Decision: 02.05.2025 + O.M.P. (COMM) 351/2020 & I.A. 14444/2021, I.A. 542/2024 HARSHVARDHAN METALS LTD & ANR. .....Petitioners Through: Mr. Tanmay Mehta, Mr. Rahul Shukla, Ms. BB Shukla, Mr. Ramandeep Singh, Advs. versus ISF COMMODITIES (P) LTD .....Respondent Through: Dr. Anurag Kr. Agarwal, Mr. Praveen Kumar, Mr. Prateek Agarwal, Advs. CORAM: HON'BLE MR. JUSTICE JASMEET SINGH : JASMEET SINGH, J (ORAL) I.A. 1298/2020 - DIRECTIONS TO PETITIONERS TO DEPOSIT THE AWARDED AMOUNT 1. This is an application filed under Section 151 of the Code of Civil Procedure, 1908 on behalf of the respondent seeking for directions to petitioners to deposit the awarded amount. 2. Dr. Agarwal, learned counsel appearing on behalf of the respondent, relies upon Bye-Laws 15.40 of the Multi Commodity Exchange of India Ltd. (“MCX”), which reads as under: 1. Award final and Additional Risk Containment Measure Applicable: A party to a reference who is dissatisfied with an award of the arbitral tribunal may appeal to the competent court of jurisdiction as provided in the Arbitral and Conciliation Act. The award shall be final under these Bye-Laws and Regulations of