Delhi High Court orders MTNL to deposit ₹160 crore arbitral award amount with interest in FD as condition to stay arbitral award
The case concerns a dispute between MTNL and CanFina, (Canara Bank subsidiary) over the cancellation of bonds issued by MTNL in 1992. The amount to be deposited by MTNL effectively runs to over ₹ 442.6 crores.
Source: barandbench.com