ITD Cementation India Limited vs. Baya Weaver Ltd and Anr.
Background
The decree-holder sought to enforce an arbitral award against the judgment-debtors, but similar to Case No. 151 above, the award required further compliance with stamp duty requirements under the Indian Stamp Act, consistent with a recent judgment on the subject (M/s URC Construction v. Airports Authority of India).
Decision Breakdown
The decree-holder's counsel sought leave to withdraw the petition, with liberty to file it afresh once the requisite stamp duty was satisfied. The Court granted this and dismissed the petition as withdrawn.
Lesson Learnt
Parties seeking to enforce arbitral awards in Delhi courts should ensure stamp duty compliance up front, as courts are increasingly requiring this before proceeding with enforcement, to avoid delay through withdrawal-and-refiling.