Receipt of arbitration award won't change status of creditor; hypothecation deed to continue even th

CL : Where financial institution initiated arbitration proceeding and an award had been passed on consent which was a simple money decree, deed of hypothecation would continue in spite of arbitration award and status of appellant would not change as a secured creditor to an unsecured creditor and it was not permissible for said institution to put forth a stand that it would not be bound by Scheme of arrangement approved by Company Judge