Case Law Analysis
|Bombay High Court
Section 9 Arbitration Act | Prima Facie Default + Asset Dissipation Risk Justifies Interim Relief Before Tribunal Constitution : Bombay HC
The Bombay High Court has ruled that a petitioner need not wait for the arbitral tribunal to be constituted to seek interim relief under Section 9 - showing a prima facie breach and credible risk of asset dissipation is sufficient. This empowers lenders and creditors to act swiftly in commercial disputes, preventing irreparable harm before arbitration even begins.