Secur Industries Ltd vs M/S Godrej & Boyce Mfg. Co. Ltd. & Anr

The Supreme Court held that the Bombay High Court exceeded its jurisdiction by staying arbitration proceedings under the Interest on Delayed Payments to Small Scale and Ancillary Industrial Undertakings Act, 1993. The Court emphasized that under Section 5 of the Arbitration and Conciliation Act, 1996, courts cannot intervene in arbitration matters except as provided by the Act. The Court set aside the High Court's interim order, allowing the arbitration proceedings to continue.