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.

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