Yograj Infras.Ltd vs Ssang Yong Engineering & ...

The Supreme Court addressed the arbitration proceedings under the Arbitration and Conciliation Act, 1996, specifically Sections 9 and 17, in a dispute between the Appellant and the Respondent regarding a construction contract. The Court held that the interim measures sought by the Appellant were valid and necessary to protect its interests pending the final arbitral award. The Court emphasized the importance of maintaining the status quo and ensuring that the performance bank guarantees were not encashed until the arbitration concluded, thereby reinforcing the principles of arbitration law in India.