https://www.taxtmi.com/caselaws?id=327535 A performance bank guarantee furnished for one contract could not be invoked to recover alleged dues arising from a separate contract, because the guarantee was tied to the completed works for which it had been issued. A disputed claim for damages pending arbitration was not a sum due or payable in praesenti, since liability had not been adjudicated or otherwise established. On that basis, interim protection against encashment was warranted under Section 9 of the Arbitration and Conciliation Act, 1996, and the refusal of injunction was set aside, leaving the arbitral disputes to be decided on their merits. en-us Thu, 05 May 2016 00:00:00 +0530 Tue, 11 Feb 2020 14:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327535 A performance bank guarantee furnished for one contract could not be invoked to recover alleged dues arising from a separate contract, because the guarantee was tied to the completed works for which it had been issued. A disputed claim for damages pending arbitration was not a sum due or payable in praesenti, since liability had not been adjudicated or otherwise established. On that basis, interim protection against encashment was warranted under Section 9 of the Arbitration and Conciliation Act, 1996, and the refusal of injunction was set aside, leaving the arbitral disputes to be decided on their merits. Case-Laws Indian Laws Thu, 05 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327535