Nicco Corp.Ltd vs Prysmian Cavie Sistemi Energia ...

The Supreme Court allowed the appeal against the Calcutta High Court's order vacating an interim injunction, emphasizing that the Division Bench should have fully examined the issues regarding the arbitration agreement and the novation of the Frame Agreement. The Court set aside the impugned order and directed the Division Bench to decide the injunction application expeditiously, while maintaining the interim order for three months or until the application is resolved. The Court underscored the importance of a thorough examination of pleadings and documents before vacating such orders.