Khaitan & Co has advised Bharat Hari Singhania & Family in relation to an execution application which was filed by its Clients before the Bombay High Court to execute the arbitration award dated 4 August 2008. The Execution Application was opposed by the other factions of the family viz Bombay Group and Kanpur Group of the Singhania family.
The relief sought in the application was of seeking possession of the property situated at Juhu, Mumbai against payment, which was under the occupation of the Bombay Group. The Hon’ble Bombay High Court was pleased to allow the execution application and directed Bombay group to vacate the Juhu property and hand over possession of the property to the clients within a period of eight weeks.
Heavy costs of INR 40 Lakhs were imposed on the defendants which is a very rare occurrence in the Indian legal environment. Chakrapani Misra, partner; Ms Nandini Khaitan, partner; Sairam Subramanian, senior associate; Pulkitesh Dutt, associate represented the client on the transaction.