
Section 9 Arbitration Act | Post-Award Bank Guarantee Continuation Allowed for Liquidated Damages Security : Bombay HC
Bombay High Court permits continuation of bank guarantees under Section 9 of the Arbitration Act post-award, where liquidated damages claims remain unresolved pending Section 34 challenges. The ruling underscores the need for security in public utility contracts, reconciling conflicting precedents on Section 74 of the Indian Contract Act.



