|Bombay High Court
Section 9 Arbitration Act | Bombay HC Directs Lease Rentals Deposit in No-Lien Account to Protect Mortgagee's Security Pending Arbitration
Bombay High Court invokes its equitable jurisdiction under Section 9 of the Arbitration Act to safeguard a mortgagee's security by ordering lease rentals from mortgaged property to be deposited in a no-lien account. The ruling reinforces that interim measures can override objections based on maintainability or membership disputes, ensuring preservation of assets during arbitration.