Case Law Analysis
|Bombay High Court
Section 17 Arbitration Act | Crystallised Debts May Be Secured via Interim Measures Only If Contractually Prescribed : Bombay HC
The Bombay High Court has affirmed that arbitral tribunals may order interim security for crystallised debts - such as electricity dues or lock-in license deposits - only when explicitly provided in the contract. This reinforces that Section 17 is not a tool for final adjudication but a provisional safeguard, clarifying boundaries for parties in commercial arbitration and preventing tribunal overreach.