ABDUL GHAFFAR ABDUL REHMAN vs SHIVNATH RAI HARNARIAN (I) LTD.&ANR

The Supreme Court dismissed Civil Appeal No. 3656 of 2006 as infructuous due to the auction of the consignment and the realization of Rs. 1,95,30,000, confirming the earlier order regarding the deposit of sale proceeds in the High Court. In Civil Appeal No. 3657 of 2006, the Court stayed the High Court's order for payment of excise dues pending the resolution of the Section 9 application under the Arbitration and Conciliation Act, directing the High Court to expedite the matter by 30th November 2006. The Court refrained from expressing any opinion on the merits of the case.