https://www.taxtmi.com/caselaws?id=303137 The Court dismissed the Petition seeking interim protection under Section 9 of the Arbitration Act, holding that the NCLAT order did not affect its jurisdiction. The Court found the defaults cited by the Respondent in the Event of Default notice legitimate, denying the Petitioner's request for interim relief due to admitted breaches. Costs of Rs. 7.5 lakhs were imposed on the Petitioner, payable within two weeks with 9% interest if delayed, following the principle that costs follow the event as per the Civil Procedure Code. en-us Fri, 09 Apr 2021 00:00:00 +0530 Wed, 06 Jul 2022 00:18:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303137 The Court dismissed the Petition seeking interim protection under Section 9 of the Arbitration Act, holding that the NCLAT order did not affect its jurisdiction. The Court found the defaults cited by the Respondent in the Event of Default notice legitimate, denying the Petitioner's request for interim relief due to admitted breaches. Costs of Rs. 7.5 lakhs were imposed on the Petitioner, payable within two weeks with 9% interest if delayed, following the principle that costs follow the event as per the Civil Procedure Code. Case-Laws Indian Laws Fri, 09 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303137