Court Not A Suitable Platform To Claim Temporary Relief Amid Ongoing Arbitration: Calcutta High Court

The case involves an application under Section 9(1) of the Arbitration and Conciliation Act, 1996. The Petitioner sought interim protection to secure an amount of Rs. 5.85 crores awarded in an interim arbitral award. The Petitioner requested the Court to direct the Respondent No. 1 to furnish security in the form of cash or an irrevocable bank guarantee and sought an injunction to prevent the Respondent from operating bank accounts…