SECUR INDUSTRIES LTD. vs M/S. GODREJ & BOYCE MFG. CO. LTD.

The Supreme Court addressed the jurisdiction of the Bombay High Court in staying arbitration proceedings under the Interest on Delayed Payments to Small Scale and Ancillary Industrial Undertakings Act, 1993. The Court held that the High Court exceeded its jurisdiction by intervening in the arbitration process, which is governed by Section 5 of the Arbitration and Conciliation Act, 1996, stating that courts cannot interfere in arbitration matters except as provided by the Act. The interim order of the High Court was set aside, allowing the arbitration proceedings to continue.