https://www.taxtmi.com/caselaws?id=256483 The court upheld the lower courts' decisions, ruling that the deposit in the Escrow Account was a condition precedent for the arbitration agreement. Failure to fulfill this condition rendered the arbitration agreement inactive. The court found the petitioner's actions aimed to delay proceedings and evade tax obligations, depriving KDMC of rightful funds since 1996. The petitions were dismissed with costs, ordering the petitioner to pay Rs. 1,00,000/- for each petition to KDMC within two weeks. Failure to comply would result in dismissal of the appeals. The petitioner could deposit the amount in the Escrow Account within the same period to seek arbitration reference. en-us Mon, 04 Aug 2014 00:00:00 +0530 Fri, 13 Feb 2015 15:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256483 The court upheld the lower courts' decisions, ruling that the deposit in the Escrow Account was a condition precedent for the arbitration agreement. Failure to fulfill this condition rendered the arbitration agreement inactive. The court found the petitioner's actions aimed to delay proceedings and evade tax obligations, depriving KDMC of rightful funds since 1996. The petitions were dismissed with costs, ordering the petitioner to pay Rs. 1,00,000/- for each petition to KDMC within two weeks. Failure to comply would result in dismissal of the appeals. The petitioner could deposit the amount in the Escrow Account within the same period to seek arbitration reference. Case-Laws Indian Laws Mon, 04 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256483