Allowed
Mahindra and Mahindra Financial Services Ltd. v. Vasant S. Chougule and Anr.
Bombay HCARBP/657/2009
Case brief
AI extract
What is this about?
Court allowed an arbitration petition under Section 9 of the Arbitration and Conciliation Act, 1996, granting interim relief despite the respondents' non-appearance, while removing conditions from the prior interim order to allow settlement or security furnishing.
What did the court decide?
Petition allowed in terms of prayer clause (e) with liberty to respondents to settle the matter and furnish security; costs awarded against petitioner.