GAIL (India) Ltd. vs. Taurant Projects Ltd.
Background
The decree holder, GAIL (India) Ltd., had filed a petition to enforce an arbitral award against the judgment debtor.
Decision Breakdown
Counsel for the decree holder sought leave to withdraw the enforcement petition, with liberty to file it again as and when the situation required. The Court granted the leave and dismissed the petition as withdrawn.
Lesson Learnt
A decree holder can withdraw an enforcement case without losing the underlying award, and can bring enforcement proceedings again later.