https://www.taxtmi.com/caselaws?id=767036 Calcutta HC rejected petitioner's application for unconditional stay of arbitration award under Section 36(2) of Arbitration and Conciliation Act, 1996. Court found petitioner failed to prove fraud or corruption by arbitrator, noting threshold for such allegations requires demonstrating unethical behavior surpassing moral standards, not mere criticism of findings. Petitioner failed to show respondent deliberately suppressed documents or misled arbitrator. Court ordered conditional stay requiring petitioner to secure awarded amount of Rs. 8,40,52,832 through bank guarantee, with four-week unconditional stay period. Stay would continue until disposal of Section 34 application upon compliance, otherwise would be vacated. en-us Thu, 06 Mar 2025 00:00:00 +0530 Mon, 10 Mar 2025 08:42:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767036 Calcutta HC rejected petitioner's application for unconditional stay of arbitration award under Section 36(2) of Arbitration and Conciliation Act, 1996. Court found petitioner failed to prove fraud or corruption by arbitrator, noting threshold for such allegations requires demonstrating unethical behavior surpassing moral standards, not mere criticism of findings. Petitioner failed to show respondent deliberately suppressed documents or misled arbitrator. Court ordered conditional stay requiring petitioner to secure awarded amount of Rs. 8,40,52,832 through bank guarantee, with four-week unconditional stay period. Stay would continue until disposal of Section 34 application upon compliance, otherwise would be vacated. Case-Laws Indian Laws Thu, 06 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767036