Execution Petition for Rs 4.71 crore Arbitration Award Withdrawn with Liberty to Refile
The company had won an arbitration award of about Rs 4.71 crores plus interest (25th August, 2023) against Baya Weaver Ltd and Saya Cementation Ltd.
By ScoutQuest · · 1 min read
- Arbitration Award Amount
- Rs 4.71 crores plus interest
- Award Date
- 25th August, 2023
- Execution Petition Update Date
- 9th December, 2024
- Opposing Parties
- Baya Weaver Ltd and Saya Cementation Ltd
- Financial Impact
- No material financial impact
What happened
Cemindia Projects Limited (formerly ITD Cementation India Limited) had received an arbitration award on 25th August, 2023 under the aegis of the Delhi International Arbitration Centre, in respect of contractual disputes totalling Rs 4.71 crores approximately plus interest.
To recover that money, the company shared an Execution Petition on 9th December, 2024 before the Delhi High Court against Baya Weaver Ltd and Saya Cementation Ltd.
The update
- The company has withdrawn the Execution Petition, with liberty to file the same afresh.
- It states it shall file an execution petition in due course.
- The court's order was communicated to the company on 23rd September, 2026 at 18:53 hours IST.
Key points for investors
- An execution petition is the step a winning party takes to actually collect an arbitration award. Withdrawing it with liberty to refile means the claim is not given up; the company can start the enforcement process again.
- The opposite parties are Baya Weaver Ltd and Saya Cementation Ltd.
- The company states there is no material financial impact on it.
- Quantum of claims is stated as not applicable, and the matter does not involve proceedings against KMP, promoter or ultimate person in control.
How to read it
This is a procedural update in a recovery effort rather than a change in business operations. The recovery of the awarded amount remains pending until a fresh execution petition is shared and decided.
Also from Cemindia Projects
Cemindia Projects Ltd: promoter discloses a shareholding transaction
23 Oct 2026
Allotment of ~1.26 crore equity shares to qualified institutional buyers at ₹1,108.00 each
19 Oct 2026
Management Committee approves allotment of 1,26,35,379 QIP shares at ₹1,108.00 each
19 Oct 2026
More numbers
- Arbitration award amount (contractual disputes)Rs 4.71 crores
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