Bombay High Court Injuncts Owner Of Kapani Resorts From Alienating Any Interest In Properties Until Conclusion Of Arbitral Proceedings

The Bombay High Court has injuncted the owner of Kapani Resorts from alienating any interest in it under Section 9 of the Arbitration Act until the conclusion of arbitral proceedings. This decision protects the interests of the parties involved in the arbitration. The court's ruling emphasizes the importance of preserving the status quo during arbitration. This judgment ensures the effectiveness of arbitration agreements. The ruling underscores the need for interim measures.