https://www.taxtmi.com/caselaws?id=409860 Petitions under Section 9 of the Arbitration and Conciliation Act, 1996 seeking interim restraint on encashment of bank guarantees were withdrawn after the respondent stated that the guarantees had not been invoked and were not intended to be invoked immediately. In view of that statement and the parties' stated effort to explore an amicable settlement, the Court dismissed the petitions as withdrawn while granting liberty to the petitioner to approach the Court again if invocation of the guarantees is initiated or further intervention becomes necessary. Pending applications were also disposed of. en-us Mon, 12 Jul 2021 00:00:00 +0530 Mon, 19 Jul 2021 10:22:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409860 Petitions under Section 9 of the Arbitration and Conciliation Act, 1996 seeking interim restraint on encashment of bank guarantees were withdrawn after the respondent stated that the guarantees had not been invoked and were not intended to be invoked immediately. In view of that statement and the parties' stated effort to explore an amicable settlement, the Court dismissed the petitions as withdrawn while granting liberty to the petitioner to approach the Court again if invocation of the guarantees is initiated or further intervention becomes necessary. Pending applications were also disposed of. Case-Laws Indian Laws Mon, 12 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409860