https://www.taxtmi.com/caselaws?id=461106 Appellate interference with a discretionary interim order under Section 17 of the Arbitration and Conciliation Act is limited to cases of perversity, arbitrariness, caprice, or legal error. Where the arbitral tribunal has balanced equities by protecting both sides through reciprocal safeguards, including return of title documents and security for easement rights while permitting release of a deposited amount, the interim arrangement should stand. A speculative apprehension that a bank guarantee may be invoked in later insolvency proceedings does not justify disturbing that arrangement when the tribunal has kept the guarantee subject to further orders and preserved equivalent security protection. The equitable interim order was therefore sustained. en-us Wed, 04 Apr 2018 00:00:00 +0530 Thu, 13 Mar 2025 17:01:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461106 Appellate interference with a discretionary interim order under Section 17 of the Arbitration and Conciliation Act is limited to cases of perversity, arbitrariness, caprice, or legal error. Where the arbitral tribunal has balanced equities by protecting both sides through reciprocal safeguards, including return of title documents and security for easement rights while permitting release of a deposited amount, the interim arrangement should stand. A speculative apprehension that a bank guarantee may be invoked in later insolvency proceedings does not justify disturbing that arrangement when the tribunal has kept the guarantee subject to further orders and preserved equivalent security protection. The equitable interim order was therefore sustained. Case-Laws Indian Laws Wed, 04 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461106