https://www.taxtmi.com/caselaws?id=271939 Section 9 interim relief may be used to preserve assets and secure an arbitral award where there is prima facie evidence of fund diversion, dilution of shareholding, or likely dissipation of property. On the pleaded facts, restraint over the Gupta and Jain groups' properties, shareholdings, and the Noida interest was treated as a legitimate protective measure. By contrast, tracing-based restraint against Southend Infrastructure Pvt. Ltd. was declined because the pleadings did not show a specific flow of BMS funds into Southend or a sufficient factual basis to treat its assets as liable. The request for additional security by bank guarantee or other enhanced protection was also rejected. en-us Mon, 01 Feb 2016 00:00:00 +0530 Mon, 22 Feb 2016 10:04:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271939 Section 9 interim relief may be used to preserve assets and secure an arbitral award where there is prima facie evidence of fund diversion, dilution of shareholding, or likely dissipation of property. On the pleaded facts, restraint over the Gupta and Jain groups' properties, shareholdings, and the Noida interest was treated as a legitimate protective measure. By contrast, tracing-based restraint against Southend Infrastructure Pvt. Ltd. was declined because the pleadings did not show a specific flow of BMS funds into Southend or a sufficient factual basis to treat its assets as liable. The request for additional security by bank guarantee or other enhanced protection was also rejected. Case-Laws Companies Law Mon, 01 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271939