1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION NOTICE OF MOTION NO. 1105 OF 2009 IN APPEAL NO. 112 OF 2009 IN ARBITRATION PETITION NO. 407 OF 2006 M/s. Ispat Industries Ltd. .. Appellants. Vs. Baby Samuel & Co. .. Respondents Mr. J.A. Dwarkadas, Sr. Adv., with Rahul Narichania, S.K. Srivastav & Ms. Manorama Mohanty i/by S.K. Rrivastav & Co. for the appellants. Mr. Guru Krishna Kumar a/w Ruchir Tolat i/by M/s. L.C. Tolat & Co. for Respondents. CORAM : J. N. PATEL & SMT. R.P. SONDURBALDOTA, JJ DATE : 7TH OCTOBER, 2009 P.C. : 2 The interim award is stayed on the condition that the appellant shall deposit the entire amount quantified in the interim award within a period of two weeks and the respondent would be permitted to withdraw the principal amount on furnishing bank guarantee of a nationalised bank. The Prothonotary and Senior Master to invest the interest amount in any nationalised bank initially in a term deposit of 13 months to be renewed from time to time until further orders. 2. We make it clear that in so far as the arbitration proceedings are concerned, the same is expedited. This Court will highly appreciate if the same is concluded within a period of six months. In case the respondents are not able to furnish the bank guarantee within four weeks of deposit of the amount, the Prothonotary and Senior Master will invest it in any nationalised bank initially in a term deposit of 13 months to be renewed from time to time until further orders. 3. We make it clear that all contentious issues before the Arbitral Tribunal are kept open and the passing of the interim award would not act as an impediment to the parties so as to construe that the interim award finally decides the issues between the parties including the counter claim made by the appellants and the Arbitral 3 Tribunal will not be influenced by the observations made by the learned Single Judge. The notice of motion stands disposed of accordingly. No order as to costs. ( J. N. PATEL, J) (SMT. R.P. SONDURBALDOTA, J.)