https://www.taxtmi.com/caselaws?id=297082 Section 9 interim relief under the Arbitration and Conciliation Act is confined to protective relief applying the usual injunction tests of prima facie case, balance of convenience, irreparable harm, and urgency. Where the applicant has not meaningfully denied defaults in maintaining security cover and repaying dues, and the pledge enforcement arises from the transaction documents, a request to re-transfer already invoked or partly sold shares cannot be used to reverse completed contractual enforcement. The availability of interim relief before the arbitral tribunal under Section 17 also supports restraint. Allegations of market manipulation or side arrangements do not, by themselves, displace default-based enforcement rights over the remaining pledged shares. en-us Fri, 14 Aug 2020 00:00:00 +0530 Wed, 18 Aug 2021 09:26:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297082 Section 9 interim relief under the Arbitration and Conciliation Act is confined to protective relief applying the usual injunction tests of prima facie case, balance of convenience, irreparable harm, and urgency. Where the applicant has not meaningfully denied defaults in maintaining security cover and repaying dues, and the pledge enforcement arises from the transaction documents, a request to re-transfer already invoked or partly sold shares cannot be used to reverse completed contractual enforcement. The availability of interim relief before the arbitral tribunal under Section 17 also supports restraint. Allegations of market manipulation or side arrangements do not, by themselves, displace default-based enforcement rights over the remaining pledged shares. Case-Laws Indian Laws Fri, 14 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297082