VALVUE ARMATUREN V.U. BERATUNG GMBH&CO KG vs NATIONAL FERTILIZER LTD. & ORS.

The Supreme Court, while addressing a special leave petition, emphasized the need for expeditious resolution of the issue regarding the vacation of a stay order obtained by the respondent in Suit No. 3737/91, which had been pending for nearly seven years. Citing the principles from Dresser Rand, S.A. Vs. K.G. Khosla Compressors Ltd. & Ors (1995 Supp. (3) SCC 181), the Court underscored the importance of timely decisions in matters involving international arbitration and interlocutory injunctions. The Court requested the High Court to resolve the matter before 31.12.1998, thereby disposing of the petition without interference under Article 136 of the Constitution of India.