Tjsb Sahakari Bank Ltd. vs Amritlal P Shah
Judges (1)
Counsel (6)
Case Significance
Tjsb Sahakari Bank Ltd. vs Amritlal P Shah is a Bombay High Court decision dated December 19, 2025 (citation: ik-71205556). TJSB Sahakari Bank challenged an arbitral award under Section 34 of the Arbitration Act that directed it to pay Rs 4,05,558 on fixed deposits and Rs 14,07,409 under LIC policies to the respondent who had furnished a personal guarantee, with 17.5% interest. The Court found the interest rate of 17.5% to be excessive and in violation of public policy but upheld the award otherwise. The petition was partly allowed — the interest rate was reduced from 17.5% to 13.5% while the rest of the award was The case was heard by Justice Sandeep V. Marne. Counsel appearing: Ajay Deshmane (counsel for petitioner), Laxman I. Jain (counsel for respondent), Nikhil Rajani (counsel for petitioner), Shadab Jan (counsel for petitioner), Sharad Bansal (counsel for respondent).
Summary
TJSB Sahakari Bank challenged an arbitral award under Section 34 of the Arbitration Act that directed it to pay Rs 4,05,558 on fixed deposits and Rs 14,07,409 under LIC policies to the respondent who had furnished a personal guarantee, with 17.5% interest. The Court found the interest rate of 17.5% to be excessive and in violation of public policy but upheld the award otherwise. The petition was partly allowed — the interest rate was reduced from 17.5% to 13.5% while the rest of the award was confirmed.
What was the outcome of Tjsb Sahakari Bank Ltd. vs Amritlal P Shah?
TJSB Sahakari Bank challenged an arbitral award under Section 34 of the Arbitration Act that directed it to pay Rs 4,05,558 on fixed deposits and Rs 14,07,409 under LIC policies to the respondent who ...
Judgment
Read the full judgment on the official India Courts portal.
Read on Indian KanoonSource: Indian Kanoon (ik-71205556)