https://www.taxtmi.com/caselaws?id=108528 Section 9 interim relief remains available notwithstanding the Arbitral Tribunal's power under section 17, because section 17 is enabling and does not oust the Court's jurisdiction. The Court therefore recognised that pendency of arbitral proceedings does not by itself bar protective relief from the Court. Where lease documents showed machinery and equipment remained the lessor's property and the lessee held them only as bailee, a Receiver could be appointed to protect the assets, particularly when sickness proceedings had been invoked and the equipment risked dissipation or damage. Interim custody of the leased equipment was accordingly justified to preserve the petitioner's property. en-us Wed, 26 Mar 2003 00:00:00 +0530 Mon, 02 Apr 2012 11:22:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108528 Section 9 interim relief remains available notwithstanding the Arbitral Tribunal's power under section 17, because section 17 is enabling and does not oust the Court's jurisdiction. The Court therefore recognised that pendency of arbitral proceedings does not by itself bar protective relief from the Court. Where lease documents showed machinery and equipment remained the lessor's property and the lessee held them only as bailee, a Receiver could be appointed to protect the assets, particularly when sickness proceedings had been invoked and the equipment risked dissipation or damage. Interim custody of the leased equipment was accordingly justified to preserve the petitioner's property. Case-Laws Companies Law Wed, 26 Mar 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108528