NATIONAL CO-OPERATIVE CONSUMER'S FEDERATION OF INDIA LIMITED vs MIRAH DEKOR PVT LTD FORMERLY KNOWN AS MIRAH DEKOR LIMITED

Judgment text excerpt

CARBP.1380.2019.doc IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMMERCIAL ARBITRATION PETITION NO.1380 OF 2019 WITH NOTICE OF MOTION NO.2464 OF 2019 IN COMMERCIAL ARBITRATION PETITION NO.1380 OF 2019 National Co-operative Consumer’s Federation of India Limited ...Petitioner Versus Mirah Dekor Pvt. Ltd. (Formerly Known as Mirah Dekor Limited) ...Respondent Mr. Bhavik Manek a/w. Mr. Pranav Chavan i/b Mahesh Menon & Co. for the Petitioner. Ms. Sharan Jagtiani a/w. Mr. Mutahhar Khan, Mr. Vishal Mehta and Ms. Prachy Mody i/b M/s. MV Law Partners for the Respondent. CORAM : SOMASEKHAR SUNDARESAN, J. Reserved on : MARCH 19, 2025 Pronounced on : NOVEMBER 3, 2025 JUDGEMENT : Context and Factual Background: 1. This is a Petition filed under Section 34 of the Arbitration and Conciliation Act, 1996 (“the Act”), mounting a challenge to an arbitral award dated May 31, 2019 (“Impugned Award”) awarding the Digitally signed by AARTI AARTI GAJANAN GAJANAN PALKAR Page 1 of 16 PALKAR Date: 2025.11.03 12:36:48 NOVEMBER 3, 2025 +0530 Aarti Palkar CARBP.1380.2019.doc Respondent, Mirah Dekor Private Limited (“ Mirah”) a sum of Rs. ~1.36 crores along with interest at the rate of 12% per annum on a sum of Rs. ~57.58 lakh from April 1, 2010 until realisation; and on a sum of Rs. ~78.58 lakh from April 1, 2011 until realisation. A further sum of Rs. 50,000 along with interest at 12% per annum, from the date of the award has been awarded. 2. The Petitioner, National Co-operative Consumers’ Federation of India Ltd. (“Federation”) has been directed to pay the amounts so awarded directly to the Income-Tax Authorities forthwith, subject to appeals filed by Mirah, with proof of payment being shown within 15 days of payment. This direction was in view of an order of th