M/S Dolphin International Ltd vs M/S V.O.Tyazhpromexport

The Supreme Court directed that the parties be relegated to the remedy of civil suit, arbitration, or mediation, following the deposit of 50% of the claimed amount with the Court and securing the remaining amount through a Bank Guarantee. The Court set aside the impugned order of the High Court, emphasizing the need for the Company Court to pass necessary consequential orders expeditiously. This decision reinforces the principle that parties should explore alternative dispute resolution mechanisms before further litigation.