The Supreme Court recently stayed the unconditional stay granted on an arbitral award by a lower court.The petitioner, Pam Developments Pvt. Ltd. had challenged an order passed on 4 August by the District Judge, Purba Medinipur, West Bengal, granting an unconditional stay on the operation of an arbitral award to the tune of Rs. 1.77 crore issued against the State of West Bengal.The...