https://www.taxtmi.com/caselaws?id=193884 Section 9 interim relief under the Arbitration Act cannot be used against a warehouse custodian asserting an independent right in pledged imported goods when that right does not derive from a contracting party. The court also held that, where uncleared imported goods are sold under the Customs Act, the statutory order of application of sale proceeds prevails over contractual pledge rights. Sale expenses, freight and carrier charges, customs duty, and the custodian's charges rank ahead of any balance payable to the pledgee or owner, so the pledgee could not insist on an auction outside that statutory sequence. en-us Wed, 05 Oct 2016 00:00:00 +0530 Mon, 21 Aug 2017 21:07:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193884 Section 9 interim relief under the Arbitration Act cannot be used against a warehouse custodian asserting an independent right in pledged imported goods when that right does not derive from a contracting party. The court also held that, where uncleared imported goods are sold under the Customs Act, the statutory order of application of sale proceeds prevails over contractual pledge rights. Sale expenses, freight and carrier charges, customs duty, and the custodian's charges rank ahead of any balance payable to the pledgee or owner, so the pledgee could not insist on an auction outside that statutory sequence. Case-Laws Customs Wed, 05 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193884