Disposed
Intec Capital Ltd. v. Aegis Ampoules & Vials Ltd. & Ors.
Delhi HCO.M.P.(I)/206/2015
Case brief
AI extract
What is this about?
The Delhi High Court, noting an arbitrator has been appointed, granted liberty to the petitioner to move an application under section 17 of the Arbitration and Conciliation Act, 1996 before the tribunal instead of seeking a receiver from the Court. The existing interim order restraining sale of hypothecated machines continues.
What did the court decide?
Liberty granted to petitioner to move application under section 17 of the Arbitration and Conciliation Act, 1996 before the Arbitrator for appointment of Receiver; interim order of 7.5.2015 continues.