Supreme Court of India · 2020-12-18
NAYARA ENERGY LIMITED EARLIER KNOWN AS ESSAR OIL LIMITED vs THE STATE OF GUJARAT
- Citation / case number
- SC 2020/24885
- Court
- Supreme Court of India
- Petitioner
- NAYARA ENERGY LIMITED EARLIER KNOWN AS ESSAR OIL LIMITED
- Respondent
- THE STATE OF GUJARAT
- Author
- HON'BLE MR. JUSTICE M.R. SHAH
- Bench
- HON'BLE MR. JUSTICE ASHOK BHUSHAN, HON'BLE MR. JUSTICE R. SUBHASH REDDY, HON'BLE MR. JUSTICE M.R. SHAH
Judgment text excerpt
The Supreme Court addressed the appeal against the Gujarat High Court's orders allowing original claimants to withdraw 50% of the compensation awarded by the Reference Court without security. The Court emphasized that the appellant must deposit 100% of the awarded amount to stay the execution of the award. The Court held that the claimants should not withdraw the compensation without providing security, ensuring the appellant's interests are protected pending the final decision on the appeal.