Courts’ power to grant interim measures operates only in emergency. The tribunal’s jurisdiction is pre-eminent (Delhi High Court in an ad-interim observation)

     Update by Samarth Madan

Nirbhay Pratap Singh v. Sumitomo Electric Industries Ltd & another Court: Delhi High Court | Case Number: OMP (I) (COMM) 275/2020 | Citation: Currently unavailable | Judge: C Hari Shankar J | Date: 11 September 2020 | Available at: Delhi High Court’s website (http://delhihighcourt.nic.in/dhcqrydisp_o.asp?pn=148288&yr=2020) Though in an ad-interim order, Justice C Hari Shankar of the Delhi High

Continue reading
Categories: Interim measures by court |  Interim measures ordered by arbitral tribunal |  Scope of Section 9 |  Section 17 |  Section 9  

Power to grant interim relief should not be exercised before the constitution of the arbitral tribunal unless the matter cannot await the constitution

     Update by Editor

Avantha Holdings Limited v. Vistra ITCL India Limited Court: Delhi High Court | Case Number: OMP (I) COMM 177 of 2020 | Citation: Not currently available | Judge: C Hari Shankar J | Date: 14 August 2020 | Available at: Delhi High Court’s website [http://164.100.69.66/jsearch/] (“inadvertent clerical errors” corrected by

Continue reading
Categories: Interim measures by court |  Scope of Section 9 |  Section 9  

Encashment of an unconditional and irrevocable bank guarantee cannot be injuncted except in cases of fraud of egregious nature, irretrievable injury, or special equities. Financial distress is not equal to irretrievable injury.

     Update by Akshat Shukla

Suzlon Energy Limited v. Zemira Renewable Energy Limited Court: Delhi High Court | Case Number: OMP (I) COMM 340 of 2019 and connected matters | Citation: Not currently available | Judge: Jyoti Singh J| Date: | Available at: http://164.100.69.66/jupload/dhc/JIS/judgement/05-06-2020/JIS04062020OMPICOMM3402019_170034.pdf, https://indiankanoon.org/doc/5158046/   A. INVOCATION OF BANK GUARANTEE AND APPLICATION TO RESTRAIN ENCASHMENT

Continue reading
Categories: Egregious fraud |  Encashment of Bank Guarantees |  Injunctions against Bank Guarantees |  Interim measures by court |  Irretrievable injury |  Section 9 |  Special equities