https://www.taxtmi.com/caselaws?id=767247 Appellate interference with an arbitral interim measure is limited to cases of arbitrariness, perversity, caprice, or disregard of settled principles, and a reasonable order preserving the subject matter will not be disturbed merely because another view is possible. The interim restraint on alienating the company's sole asset was upheld because it protected the arbitration's subject matter and reflected a proper exercise of discretion. Objections that the underlying contract was determinable or contingent, and therefore not specifically enforceable, were treated as matters for final determination and did not invalidate interim protection. The respondent's part-performance and continuing readiness and willingness also supported the injunction, which was not treated as a final decree of specific performance. en-us Mon, 10 Mar 2025 00:00:00 +0530 Thu, 13 Mar 2025 08:35:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767247 Appellate interference with an arbitral interim measure is limited to cases of arbitrariness, perversity, caprice, or disregard of settled principles, and a reasonable order preserving the subject matter will not be disturbed merely because another view is possible. The interim restraint on alienating the company's sole asset was upheld because it protected the arbitration's subject matter and reflected a proper exercise of discretion. Objections that the underlying contract was determinable or contingent, and therefore not specifically enforceable, were treated as matters for final determination and did not invalidate interim protection. The respondent's part-performance and continuing readiness and willingness also supported the injunction, which was not treated as a final decree of specific performance. Case-Laws Companies Law Mon, 10 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767247