Bombay High Court Discharges Bank Guarantee in Shipping Agency Dispute — Arbitral Award and Section 9 Interim Order Considered. The court examined whether a bank guarantee furnished under an interim order under Section 9 of the Arbitration and Conciliation Act, 1996, must be renewed after the arbitral award was made and enforcement proceedings under Section 48 were pending.
17 Jan 2012The petitioner, Mitsui O.S.K. Lines Limited, a shipping line, filed a Chamber Summons seeking a declaration that it is not required to renew a bank gu...






