Start learning 50% faster. Sign in now
Arbitration & Conciliation Act S. 9.Interim measures, etc., by Court .—(1)A party may, before or during arbitral proceedings or at any time after the making of the arbitral award but before it is enforced in accordance with section 36, apply to a court— (i) for the appointment of a guardian for a minor or person of unsound mind for the purposes of arbitral proceedings; or (ii) for an interim measure of protection in respect of any of the following matters, namely:— (a) the preservation, interim custody or sale of any goods which are the subject-matter of the arbitration agreement; (b) securing the amount in dispute in the arbitration; (c) the detention, preservation or inspection of any property or thing which is the subject matter of the dispute in arbitration, or as to which any question may arise therein and authorising for any of the aforesaid purposes any person to enter upon any land or building in the possession of any party, or authorising any samples to be taken or any observation to be made, or experiment to be tried, which may be necessary or expedient for the purpose of obtaining full information or evidence; (d) interim injunction or the appointment of a receiver; (e) such other interim measure of protection as may appear to the Court to be just and convenient, and the Court shall have the same power for making orders as it has for the purpose of, and in relation to, any proceedings before it. (2) Where, before the commencement of the arbitral proceedings, a Court passes an order for any interim measure of protection under sub-section (1), the arbitral proceedings shall be commenced within a period of ninety days from the date of such order or within such further time as the Court may determine. (3) Once the arbitral tribunal has been constituted, the Court shall not entertain an application under sub-section (1), unless the Court finds that circumstances exist which may not render the remedy provided under section 17 efficacious.
What is the maximum time period given to the states to repay the Ways and Means Advances extended to them by the RBI?
The country’s retail inflation had crept above the RBI’s tolerance range in January 2022. It remained above the target range for ten months before r...
What would be the treatment of following in the process account?
Opening Stock of Materials50000
Purchases ...
The committee that recommended setting up Small Finance Banks in India was headed by –
Which one is the name given to the foreign currency account maintained by a bank abroad
Who has been permitted to remit advance payment on behalf of Qualified Jewellers for import of gold through India International Bullion Exchange IFSC Lt...
Which Indian NBFC was selected for the FATF Mutual Evaluation report 2023-24?
According to the IFSCA (Banking) Regulations 2020, what type of accounts can individual's resident in India hold with an IFSC Banking Unit?
Premium amount of and minimum age of entry in PM Suraksham Bima Yojna?
Recently the Government raises maximum tenure of PSU banks' CEO to ____ years, from the earlier 5 years.