https://www.taxtmi.com/caselaws?id=787455 A third party who voluntarily and knowingly provides a specific security for a claim submitted to arbitration may be treated as a guarantor for enforcement purposes; the court applied principles of enforcement under the Arbitration and Conciliation Act and held that where the security corresponds to the award amount the claimant may proceed against that security. Applying that principle to an undated cheque delivered as security for demurrage, the court permitted enforcement of the foreign arbitral award and corrective award jointly and severally against the 2nd respondent with the 1st respondent. en-us Fri, 27 Feb 2026 00:00:00 +0530 Fri, 06 Mar 2026 08:30:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787455 A third party who voluntarily and knowingly provides a specific security for a claim submitted to arbitration may be treated as a guarantor for enforcement purposes; the court applied principles of enforcement under the Arbitration and Conciliation Act and held that where the security corresponds to the award amount the claimant may proceed against that security. Applying that principle to an undated cheque delivered as security for demurrage, the court permitted enforcement of the foreign arbitral award and corrective award jointly and severally against the 2nd respondent with the 1st respondent. Case-Laws Companies Law Fri, 27 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787455