ARBP735-10 1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ARBITRATION PETITION NO.735 OF 2010 Global Trade Finance Ltd. .. Petitioner Versus Asian Electronics Ltd. .. Respondents Mr.Rahul Narichania with Mr.P.N.Kamat i/b. M/s.Paras Kuhad & Associates for petitioners Mr.Zal Andhyarujina with Vishal Shriyan with Jaideep Singh Khattar i/b. Legasis Partners for respondents CORAM : S.C.DHARMADHIKARI, J. DATE : 11th January 2011 P.C.: 1] Heard both sides. The Award has been upheld by the learned Single Judge of this Court but the respondent has challenged the said order in appeal and the said appeal is stated to be pending. 2] After hearing both sides and perusing with their assistance the petition and annexures thereto so also affidavit in reply and a letter dated 20th July 2010 addressed by respondents' Advocate to the petitioner, I am of the opinion that interest of justice would be sub- served if the following order is made:- ARBP735-10 2 3] If the respondents fail to secure favourable order in the appeal within four weeks from today, they shall secure the claim of the petitioner under the subject award with interest by giving security to the satisfaction of Prothonotary & Senior Master/ Registrar (OS) of this Court. 4] Mr.Andhyarujina learned Counsel appearing for respondents states that if the respondents do not succeed in the appeal or they are not able to obtain any favourable order within aforesaid period, respondents would secure petitioner's claim for principal amount by giving post dated cheques. Mr.Narichania learned Counsel for petitioner states that he has no instructions to agree with any such proposal. Therefore, in my view, the above directions sub-serve ends of justice and cause no prejudice to either of the parties. With the above observations this petition is disposed of. (S.C.DHARMADHIKARI, J)