Post-Award Section 9 Application by Unsuccessful Party Maintainable in Exceptional Cases: Supreme Court

The Supreme Court has held that in rare and compelling circumstances, an award debtor can approach the Court under Section 9 of the Arbitration and Conciliation Act, 1996 even after an arbitral award has been passed. Such interim protection can be granted when it is necessary to prevent irreparable prejudice and preserve the effectiveness of a challenge to the award under Section 34 of the Arbitration and Conciliation Act, 1996.…