Question
Under Section 36(2), what happens to enforcement when a
Section 34 application (to set aside the award) is filed?Solution
Explanation: Before the 2015 Amendment, filing a Section 34 application automatically stopped enforcement, causing delay. Post-2015, Section 36(2) changed this: filing a Section 34 application does not automatically stay enforcement. A party seeking to halt enforcement must obtain an explicit court order granting stay. This amendment drastically reduced delays and strengthened arbitration's finality, incentivizing parties to pursue arbitration. However, courts retain discretion to grant stay in exceptional cases (e.g., on grounds of fraud or public policy concerns) upon satisfaction of the established test: balance of convenience, prima facie case, and irreparable injury.
A shopkeeper made a profit of 50% by selling an article for Rs. 300. If he had sold it after allowing a discount of 20% on its selling price, then find ...
A merchant fixed the selling price of his articles at 675 after adding 35% profit to the cost price. As the sale was very low at this price level, he de...
An article is bought for ₹500 and sold at a profit of 20%. What is the selling price ?
 If a business spent Rs.400 on producing a product and sold it for Rs.600, what is the profit margin as a percentage?
- Sanya purchased a microwave oven and increased its price by 55% above the cost price. She sold it after offering a 25% discount for Rs. 1500. What would be...
Mayank gives 25% discount to his customer but he sells only smuggled goods and as a bribe he pays 10% on the cost price. Find what should be the Marked ...
- If the total cost of 7 books and 5 pens is Rs. 350 and the total cost of 3 books and 2 pens is Rs. 160, then find the cost of 10 books.
Seema sold a laptop at a profit of 15%. If she had bought it at 10% less and sold it for ₹ 2,100 less, she would have gained 20%. What was the cost p...
- The selling price, cost price and marked price of a bag are in the ratio 7:5:10. If the profit is Rs. 800, calculate the discount allowed on the marked pri...
The combined cost price of two items, A and B, is ₹1,120. Item A is marked up by 25%, and item B by 40%. Both are sold with a 10% discount on their ma...