Babu Bhai Thiba vs Ashok Ravi Shankar Narval & Ors

The Supreme Court upheld the interim relief granted by the Bombay High Court, allowing the appellant to execute the arbitration award while requiring the appellant to deposit Rs.15 lakhs with the Prothonotary and Senior Master of the Bombay High Court. The Court found that the agreements presented by respondent No.1 were bogus and dismissed his appeal against the execution of the award. The Court emphasized that the interim order would remain in effect pending the High Court's decision, ensuring that no third-party rights are created during this period.