https://www.taxtmi.com/caselaws?id=458839 The Bombay HC dismissed jurisdictional objections and granted interim relief under Section 9 of the Arbitration Act, appointing a Court Receiver for mortgaged property. Despite parties agreeing to arbitration with Mumbai jurisdiction, the court held it could grant interim measures even for properties not directly subject to arbitration disputes. The respondents defaulted on loan repayment of Rs. 23,65,07,643/- with 12.5% annual interest. The court found petitioner had good prospects in pending arbitral proceedings and required security for substantial claims, justifying receiver appointment under Section 9(ii)(d) and (e). en-us Fri, 04 Sep 2015 00:00:00 +0530 Mon, 18 Nov 2024 19:07:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458839 The Bombay HC dismissed jurisdictional objections and granted interim relief under Section 9 of the Arbitration Act, appointing a Court Receiver for mortgaged property. Despite parties agreeing to arbitration with Mumbai jurisdiction, the court held it could grant interim measures even for properties not directly subject to arbitration disputes. The respondents defaulted on loan repayment of Rs. 23,65,07,643/- with 12.5% annual interest. The court found petitioner had good prospects in pending arbitral proceedings and required security for substantial claims, justifying receiver appointment under Section 9(ii)(d) and (e). Case-Laws Indian Laws Fri, 04 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458839