https://www.taxtmi.com/caselaws?id=770296 Interim restraint on invocation of an unconditional bank guarantee was considered in pending Section 9 proceedings, alongside questions on the availability of a Section 37(1)(b) appeal and the scope of Article 227 supervisory jurisdiction. The Court noted that arbitral proceedings had already commenced and that the Section 9 petition remained before the Commercial Court. It did not decide the broader legal questions on remedy or supervisory interference, leaving them expressly open. Interim protection against encashment of the bank guarantee was continued until the Commercial Court decided the Section 9 petition, and the parties were directed to proceed before that court within the time fixed. en-us Wed, 07 May 2025 00:00:00 +0530 Fri, 09 May 2025 09:12:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770296 Interim restraint on invocation of an unconditional bank guarantee was considered in pending Section 9 proceedings, alongside questions on the availability of a Section 37(1)(b) appeal and the scope of Article 227 supervisory jurisdiction. The Court noted that arbitral proceedings had already commenced and that the Section 9 petition remained before the Commercial Court. It did not decide the broader legal questions on remedy or supervisory interference, leaving them expressly open. Interim protection against encashment of the bank guarantee was continued until the Commercial Court decided the Section 9 petition, and the parties were directed to proceed before that court within the time fixed. Case-Laws Indian Laws Wed, 07 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770296