Supreme Court · 2022 INSC 1050 · Decided 30 September 2022
Sanghi Industries Limited v. Ravin Cables LTD., and Anr
- Court
- Supreme Court of India
- Citation
- 2022 INSC 1050 · [2022] 4 S.C.R. 850
- Case number
- CIVIL APPEAL No. 6908/2022
- Decided
- 30 September 2022
- Bench
- M.R. SHAH, KRISHNA MURARI (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- CPC Section 9; Arbitration Act Section 9, 9(ii)(e)
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 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
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