Allowed
Citicorp Finance (India) Ltd. v. Khusbu Traders and Anr.
Bombay HCARBP/585/2009
Case brief
AI extract
What is this about?
The petitioner invoked Section 9 of the Arbitration Act seeking interim security for dues. With the respondent absent, the arbitrable court allowed the petition granting security except bracketed portion, liberty to settle, and police assistance, dismissing remaining prayers as subsumed.
What did the court decide?
Security for the amount (except bracketed portion), liberty to respondents to settle or furnish security, liberty to petitioner for police assistance if warranted, and all other prayed reliefs dismiss