Bombay HC upholds arbitral award in favour of Government of Israel, directs city-based firm to return security deposit paid for office space

Bombay HC upholds arbitral award in favour of Government of Israel, directs city-based firm to return security deposit paid for office space

The Bombay High Court recently upheld an arbitral award passed in favour of the Government of Israel, and directed a company in South Mumbai to refund a security deposit worth Rs. 1.17 crore paid for office space given on rent basis for the Israeli Consulate between 2009 and 2012.

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