https://www.taxtmi.com/caselaws?id=309409 Interim protection over encashment of a bank guarantee was continued because the arbitration had remained pending for a substantial period, so the restraint was maintained until the arbitrator finally disposed of the dispute. Limited relief was also granted in relation to seized machinery: as the respondent did not oppose sale, permission was given for an open auction with notice to the respondent and deposit of the sale proceeds in court to prevent the machinery from becoming useless. The matter was otherwise disposed of on these terms. en-us Fri, 10 Aug 2001 00:00:00 +0530 Fri, 01 Sep 2023 12:18:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309409 Interim protection over encashment of a bank guarantee was continued because the arbitration had remained pending for a substantial period, so the restraint was maintained until the arbitrator finally disposed of the dispute. Limited relief was also granted in relation to seized machinery: as the respondent did not oppose sale, permission was given for an open auction with notice to the respondent and deposit of the sale proceeds in court to prevent the machinery from becoming useless. The matter was otherwise disposed of on these terms. Case-Laws Indian Laws Fri, 10 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309409