https://www.taxtmi.com/caselaws?id=373707 Proceedings under Section 9 of the Arbitration and Conciliation Act were sought to be kept in abeyance on the basis of an interim appellate order said to resemble a moratorium. The Court held that, although the order had a protective effect similar to a moratorium under the Insolvency and Bankruptcy Code, it was intended to shield the respondent company and could not be read to bar proceedings that were beneficial to it. Because the petition concerned restraint on invocation of a bank guarantee, and not recovery against the respondent, indefinite adjournment would have worked against the respondent's interest. The request for sine die adjournment was rejected. en-us Fri, 30 Nov 2018 00:00:00 +0530 Mon, 11 Feb 2019 16:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373707 Proceedings under Section 9 of the Arbitration and Conciliation Act were sought to be kept in abeyance on the basis of an interim appellate order said to resemble a moratorium. The Court held that, although the order had a protective effect similar to a moratorium under the Insolvency and Bankruptcy Code, it was intended to shield the respondent company and could not be read to bar proceedings that were beneficial to it. Because the petition concerned restraint on invocation of a bank guarantee, and not recovery against the respondent, indefinite adjournment would have worked against the respondent's interest. The request for sine die adjournment was rejected. Case-Laws Indian Laws Fri, 30 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373707