ORISSA MANGANESE & MINERALS LTD vs SYNERGY ISPAT PVT LTD

The Supreme Court addressed the appeal concerning the rejection of an application for interim injunction under the Arbitration and Conciliation Act, 1996, related to a dispute over a mining lease and agreements for the sale of iron ore. The Court held that the appellant's termination of the agreements was valid due to a violation of Rule 37 of the Mineral Concession Rules, 1960, and thus the respondent's claim for specific performance was untenable. The Court ultimately upheld the High Court's decision, affirming that the appellant was not entitled to an interim injunction.