Supreme Court of India

Sanghi Industries Limited v. Ravin Cables Ltd., and Anr

Neutral citation
Reported as [2022] 4 S.C.R. 850
Bench M. R. Shah and Krishna Murari JJ.
Decided 30 September 2022

INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.

What the Court ordered

In view of the above and for the reasons stated above, the present appeal succeeds.

Judgment, page 4

From the headnote

Arbitration and Conciliation Act, 1996 – s.9 – Code of Civil Procedure, 1908 – Or.XXXVIII, r.5 – Application u/s.9 – Power of Commercial Court – Appellant invoked performance ba nk guarantees issued by respondent no.1 – Thereafter, it invoked arbitration – Respondent No.1 filed application u/s .9 before Commercial Court regarding the bank guarantees, pend ing which the bank realized the payments under the bank guarantees invok ed by the appellant – Commercial Court passed order u/ s.9(ii)(e) to secure the amount in dispute and directed the appellant to deposit the amount of bank guarantees –

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