Indore Development Fund Ltd., Indore vs The Ito2(5), Indore, Indore on 18 August, 2022
utilize the sum of Rs. 2,16,40,604/- received on invocation of bank-
guarantee and hence the same was deposited in a bank ... High Court had also directed for referring matter to an
arbitration-panel which was actually done. Theerafter, the arbitration-panel
passed its award