https://www.taxtmi.com/caselaws?id=194796 Section 9(ii)(b) of the Arbitration and Conciliation Act permits interim security for the amount in dispute, but the discretion is informed by ordinary interlocutory principles and the underlying rationale of Order 38 Rule 5 rather than its strict preconditions. On the facts discussed, the court found a strong prima facie contractual claim, insufficient prima facie defences, and a real risk to enforcement given the respondent's financial strain and possible asset diversion. Security was therefore justified, but the protective order was moderated by requiring a solvent bank guarantee instead of a cash deposit. en-us Mon, 27 Feb 2012 00:00:00 +0530 Mon, 24 Jul 2023 10:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194796 Section 9(ii)(b) of the Arbitration and Conciliation Act permits interim security for the amount in dispute, but the discretion is informed by ordinary interlocutory principles and the underlying rationale of Order 38 Rule 5 rather than its strict preconditions. On the facts discussed, the court found a strong prima facie contractual claim, insufficient prima facie defences, and a real risk to enforcement given the respondent's financial strain and possible asset diversion. Security was therefore justified, but the protective order was moderated by requiring a solvent bank guarantee instead of a cash deposit. Case-Laws Indian Laws Mon, 27 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194796