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, setting aside the impugned order of the High Court. The Court noted that 50% of the amount had already been deposited with the Registry and the remaining amount was secured by a Bank Guarantee. The judgment emphasizes the need for expeditious orders from the Company Court regarding the available legal remedies.