https://www.taxtmi.com/caselaws?id=296357 A Section 9 petition under the Arbitration and Conciliation Act was disposed of in terms of a consent arrangement governing interim protection pending arbitration. Four advance bank guarantees were permitted to be encashed, while two performance bank guarantees were to remain unencashed until the respondent approached the arbitrator, with their fate left to arbitral orders. The petitioner's claims concerning removal of plant and machinery and other site items were preserved for relief under Section 17, and the parties were directed to nominate arbitrators from the approved panel so the dispute could proceed without delay. en-us Tue, 25 Nov 2014 00:00:00 +0530 Fri, 16 Jul 2021 08:25:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296357 A Section 9 petition under the Arbitration and Conciliation Act was disposed of in terms of a consent arrangement governing interim protection pending arbitration. Four advance bank guarantees were permitted to be encashed, while two performance bank guarantees were to remain unencashed until the respondent approached the arbitrator, with their fate left to arbitral orders. The petitioner's claims concerning removal of plant and machinery and other site items were preserved for relief under Section 17, and the parties were directed to nominate arbitrators from the approved panel so the dispute could proceed without delay. Case-Laws Indian Laws Tue, 25 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296357