OIL AND NATURAL GAS CORPORATION LIMITED vs SWIBER OFFSHORE CONSTRUCTION PTE LIMITED

carbpl-17832-2026-J.doc Shabnoor IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION IN IT’S COMMERCIAL DIVISION SHABNOOR COMM ARBITRATION PETITION NO. 17832 OF 2026 AYUB PATHAN Oil and Natural Gas Corporation 1. The present petition raises an issue concerning the scope of post award interim protection under Section 9 of the Arbitration and Conciliation Act, 1996. The petitioner, Oil and Natural Gas Corporation Limited (ONGC), seeks continuation and extension of a bank guarantee furnished by the respondent, Swiber Offshore Construction Pte. Limited (Swiber), pending adjudication of ONGC's challenge to the arbitral award dated 30 September 2025. 1 carbpl-17832-2026-J.doc 2. The petitioner, Oil and Natural Gas Corporation Limited (ONGC), is a Government company and also a Maharatna Public Sector Undertaking. It is doing work of finding, exploring and producing oil and natural gas at different places in India. The respondent, Swiber Offshore Construction Pte. Limited (Swiber), is a company incorporated in Singapore and was carrying on offshore construction activities. On 3 July 2010, ONGC and Swiber entered into a contract bearing No. MR/OW/MM/MHNRD-II/PL/08