SANGHI INDUSTRIES LTD. vs RAVIN CABLES LTD.

The Supreme Court dismissed the appeal filed by Sanghi Industries Limited against the High Court's order, which upheld the Commercial Court's directive for the appellant to deposit performance bank guarantees related to disputed purchase orders. The court found that the issues raised regarding the quality of goods and outstanding payments were adequately addressed by the lower courts, affirming the enforcement of the arbitration agreement under the Arbitration and Conciliation Act, 1996.