High Court of Karnataka Allows Commercial Appeal in Arbitration Matter — Sets Aside Trial Court Order Refusing Interim Injunction. Court holds that an arbitral award granting specific performance of a sale agreement creates a vested right in the property, and the court under Section 9 of the Arbitration and Conciliation Act, 1996, can grant interim protection to preserve the subject matter of the dispute pending challenge to the award....
The appellant, M/s KLR Group Enterprises, filed a Commercial Appeal under Section 13(1-A) of the Commercial Courts Act, 2015, read with Section 37(1)(b) of the Arbitration and Conciliation Act, 1996, ...
