https://www.taxtmi.com/caselaws?id=461107 Section 17(1)(ii)(b) of the Arbitration and Conciliation Act, 1996 empowers an arbitral tribunal to secure the amount in dispute, and that discretion must be exercised consistently with interim protection principles and the Act's policy of minimal court intervention. Principles underlying Order XXXVIII Rule 5 CPC may guide the exercise of power, but cannot be imported rigidly to narrow the tribunal's discretion. In an appeal under Section 37(2)(b), interference is limited to cases of arbitrariness, perversity, or disregard of settled principles. The HC upheld the tribunal's direction to furnish security, finding that it had considered the rival claims, balanced equities, and adopted a measured interim safeguard without jurisdictional error or patent illegality. en-us Thu, 17 Sep 2020 00:00:00 +0530 Thu, 13 Mar 2025 17:01:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461107 Section 17(1)(ii)(b) of the Arbitration and Conciliation Act, 1996 empowers an arbitral tribunal to secure the amount in dispute, and that discretion must be exercised consistently with interim protection principles and the Act's policy of minimal court intervention. Principles underlying Order XXXVIII Rule 5 CPC may guide the exercise of power, but cannot be imported rigidly to narrow the tribunal's discretion. In an appeal under Section 37(2)(b), interference is limited to cases of arbitrariness, perversity, or disregard of settled principles. The HC upheld the tribunal's direction to furnish security, finding that it had considered the rival claims, balanced equities, and adopted a measured interim safeguard without jurisdictional error or patent illegality. Case-Laws Indian Laws Thu, 17 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461107