https://www.taxtmi.com/caselaws?id=165278 A disputed claim for damages does not become a debt until liability is adjudicated and damages are assessed. Clause 18 was construed as a recovery provision limited to sums presently due and payable, so it could not authorise unilateral appropriation of amounts payable under other contracts against an unadjudicated damage claim. The interim injunction merely restrained appropriation and did not compel payment, so it was within the court's power in support of arbitration. The restraint was sustained and the appeals failed. en-us Tue, 12 Mar 1974 00:00:00 +0530 Wed, 06 Aug 2014 11:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=165278 A disputed claim for damages does not become a debt until liability is adjudicated and damages are assessed. Clause 18 was construed as a recovery provision limited to sums presently due and payable, so it could not authorise unilateral appropriation of amounts payable under other contracts against an unadjudicated damage claim. The interim injunction merely restrained appropriation and did not compel payment, so it was within the court's power in support of arbitration. The restraint was sustained and the appeals failed. Case-Laws Companies Law Tue, 12 Mar 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=165278