BOARD OF CONTROL FOR CRICKET IN INDIA vs WORLD SPORTS GROUP(I) P.LTD.

The Supreme Court addressed the interim protection under Section 9 of the Arbitration and Conciliation Act, 1996, holding that the respondent is restrained from awarding the contract until an Arbitrator is appointed. The Court emphasized that if the petitioner initiates proceedings under Section 11 within one month, the interim protection will continue until the court's decision on the Arbitrator's appointment. The Court granted interim stay of the High Court's order, allowing BCCI to proceed with tendering media rights while ensuring payments are secured in an Escrow Account.