https://www.taxtmi.com/caselaws?id=795783 Interim protection under Section 9 may secure a lender's outstanding loan where agreed project mortgage security remains uncreated and the borrower has not maintained the Debt Service Reserve. Although mortgage creation under the amended agreement depended on a no-objection certificate, the borrower's separate obligation to establish and maintain the reserve continued. The absence of a constituted arbitral tribunal and pending insolvency proceedings did not prevent interim relief. The uncreated mortgage supported a prima facie case, with balance of convenience and prejudice favouring protective measures, including creation of the Debt Service Reserve on the lender's requirement. en-us Wed, 24 Jun 2026 00:00:00 +0530 Tue, 28 Jul 2026 08:30:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795783 Interim protection under Section 9 may secure a lender's outstanding loan where agreed project mortgage security remains uncreated and the borrower has not maintained the Debt Service Reserve. Although mortgage creation under the amended agreement depended on a no-objection certificate, the borrower's separate obligation to establish and maintain the reserve continued. The absence of a constituted arbitral tribunal and pending insolvency proceedings did not prevent interim relief. The uncreated mortgage supported a prima facie case, with balance of convenience and prejudice favouring protective measures, including creation of the Debt Service Reserve on the lender's requirement. Case-Laws Indian Laws Wed, 24 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795783