https://www.taxtmi.com/caselaws?id=461264 In an appeal under Section 37(2) of the Arbitration and Conciliation Act, judicial interference with a Section 17 interim measure is limited to cases of arbitrariness, perversity, or legal error. The court upheld an arbitral order directing preservation of part of the claim amount in an FDR, noting repeated notice of the Section 17 hearing, the party's non-participation despite notice, and the absence of any stay on related proceedings. It accepted the tribunal's prima facie assessment that securing the disputed amount was necessary to protect the efficacy of the eventual award, and held that the order was only for preservation, not payment. en-us Mon, 10 Jul 2023 00:00:00 +0530 Tue, 25 Mar 2025 20:50:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461264 In an appeal under Section 37(2) of the Arbitration and Conciliation Act, judicial interference with a Section 17 interim measure is limited to cases of arbitrariness, perversity, or legal error. The court upheld an arbitral order directing preservation of part of the claim amount in an FDR, noting repeated notice of the Section 17 hearing, the party's non-participation despite notice, and the absence of any stay on related proceedings. It accepted the tribunal's prima facie assessment that securing the disputed amount was necessary to protect the efficacy of the eventual award, and held that the order was only for preservation, not payment. Case-Laws Indian Laws Mon, 10 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461264