Allowed
Reliance Capital Ltd. v. Farook Khatri and Anr.
Bombay HCARBP/791/2011
Case brief
AI extract
What is this about?
The single-judge bench of the Bombay High Court made an absolute order under Section 9 of the Arbitration Act, 1996, appointing a court receiver to manage secured property while pending arbitration, granting five weeks protection for possession.
What did the court decide?
The Court ordered the appointment of a Court Receiver as agent without security but subject to payment of royalty.