https://www.taxtmi.com/caselaws?id=309516 In proceedings under Section 9 of the Arbitration and Conciliation Act, 1996, the Madras HC considered interim protection over hypothecated machinery pending arbitration. The Court noted the respondent's readiness to hand over certain machinery and the appellant's claim to protect its secured interest, and it acted without entering into the merits of the underlying dispute. Taking the practical circumstances into account, it directed delivery of custody of the machinery identified in the connected appeals to the appellant's authorised representative within the time fixed, to preserve substantial justice and the subject matter of the arbitration. en-us Thu, 12 Jun 2014 00:00:00 +0530 Thu, 07 Sep 2023 13:08:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309516 In proceedings under Section 9 of the Arbitration and Conciliation Act, 1996, the Madras HC considered interim protection over hypothecated machinery pending arbitration. The Court noted the respondent's readiness to hand over certain machinery and the appellant's claim to protect its secured interest, and it acted without entering into the merits of the underlying dispute. Taking the practical circumstances into account, it directed delivery of custody of the machinery identified in the connected appeals to the appellant's authorised representative within the time fixed, to preserve substantial justice and the subject matter of the arbitration. Case-Laws Indian Laws Thu, 12 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309516