Mahindra and Mahindra Financial Services Ltd. v. Seikaku Engineers Private. Limited
Case brief
What is this about?
Section 9 Arbitration and Conciliation Act 1996 interim relief; Bombay High Court OOCJ; ARBP 309/2024; Mahindra and Mahindra Financial Services Ltd v. Seikaku Engineers Private Limited; ex parte ad-interim restraint on asset disposal; handover of possession of ICNC press brake machine; arbitration clause 24.11; dissipation of arbitral subject-matter; Section 11 application liberty 30 days; Somasekhar Sundaresan J.; July 24, 2025.
What did the court decide?
Ex parte ad-interim reliefs in prayer clauses (i) and (ii) granted: temporary restraint on the Respondents and their agents from dealing with, disposing of, encumbering or creating third-party rights in their assets, including the ICNC press brake machine, and a direction to hand over possession of that machine to the Petitioner, pending consideration of further interim relief by the Arbitral Tribunal; Respondents may seek variation/vacation before the Arbitral Tribunal; liberty to file the Section 11 application within 30 days from upload of the Order; Petition listed with the Section 11 Application on August 14, 2025.