Should a party, whose favorable arbitration award has been set aside by the Madras High Court, file caveat petitions in both the High Court and the Supreme Court to protect their interests?

While filing caveats in both the High Court and Supreme Court can be considered, it’s not legally mandatory. Filing a caveat in the Supreme Court is only required if an appeal is filed against the Madras High Court’s order. It is advisable to consult with legal counsel to determine the most strategic approach to protect interests.