Securing interest of Award if Award is to be stayed
1 The requirement of pre-deposit prescribed u/s 19 of MSMED Act would prevail over the provisions of Order 27 Rule 8-A C.P.C. and any other law whilst challenge u/s 34.
2 During the pendency of S.34 Petition, the Award holder should be secured for the entire amount awarded by the Arbitral Tribunal along with interest and other costs.