Arbitration and Conciliation Act, 1996

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Arbitration and Conciliation Act, 1996 (26 of 1996) Section 36 – Award ordering specific performance of the agreement vendor was required to pay amount within a period of two months from the date of award – Amount not deposited - If the parties do not deposit the amount nor show any impediment owing to any interim stay or reasons of not depositing the amount, the decree of specific performance becomes inexecutable – Impugned order allowing the objections is perfectly legal and justified and did not suffer from any illegality and perversity, much less, cannot be said to be passed without jurisdiction. (2018-3) PUNJAB LAW REPORTER

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