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    <title>2008 (7) TMI 1076 - CALCUTTA HIGH COURT</title>
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    <description>An executing court must construe an award as a whole and give effect to its default mechanism without varying its terms. The earlier execution order bound the parties only on the specific issue then decided and did not conclusively settle the full mode of execution. On a proper reading of the award, default in payment entitled the decree-holders to conveyance of the property and allied reliefs, with valuation and monetary adjustments to be worked out in execution on a fresh contemporaneous basis. The plea that mere deposit satisfied the award was rejected as determinative, and execution proceeded by enforcing the default clause.</description>
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    <pubDate>Fri, 11 Jul 2008 00:00:00 +0530</pubDate>
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      <link>https://www.taxtmi.com/caselaws?id=297763</link>
      <description>An executing court must construe an award as a whole and give effect to its default mechanism without varying its terms. The earlier execution order bound the parties only on the specific issue then decided and did not conclusively settle the full mode of execution. On a proper reading of the award, default in payment entitled the decree-holders to conveyance of the property and allied reliefs, with valuation and monetary adjustments to be worked out in execution on a fresh contemporaneous basis. The plea that mere deposit satisfied the award was rejected as determinative, and execution proceeded by enforcing the default clause.</description>
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