M/S Shuba Enterprises vs M/S Gulf Petrochem Fzc on 10 July, 2026

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    % 10.07.2026

    1. On the last occasion, this Court has passed the following order:-

    SPONSORED

    “1. This present petition is preferred under Section 48 of the
    Arbitration and Conciliation Act, 1996 for enforcement of arbitral
    award dated 10.01.2025.

    2. By way of the aforesaid award, the learned Sole Arbitrator
    ordered the Judgment Debtor to pay a sum of USD $40,000 and
    Rs. 37 Lakhs along with interest at 12% per annum on and from
    the date of filing of the statement of claim, till the date of payment
    or release of dues and costs of Rs. 10 Lakhs.



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