Supreme Court of India
Sanghi Industries Limited v. Ravin Cables Ltd., and Anr
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
What the Court ordered
In view of the above and for the reasons stated above, the present appeal succeeds.
Judgment, page 4
From the headnote
Arbitration and Conciliation Act, 1996 – s.9 – Code of Civil Procedure, 1908 – Or.XXXVIII, r.5 – Application u/s.9 – Power of Commercial Court – Appellant invoked performance bank guarantees issued by respondent no.1 – Thereafter, it invoked arbitration – Respondent No.1 filed application u/s.9 before Commercial Court regarding the bank guarantees, pending which the bank realized the payments under the bank guarantees invoked by the appellant – Commercial Court passed order u/s.9(ii)(e) to secure the amount in dispute and directed the appellant to deposit the amount of bank guarantees – Order…
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