939 of 2018 (Respondent Nos.5, 6 and 7 before the Arbitral Tribunal). A similar relief was also granted against the Petitioners in Arbitration Petition No. 1 to 4 before the Arbitral Tribunal) where ever located in India or outside, other than in the ordinary course of business, including the properties as listed in Schedule-I to the section 17 application. 1 to 4 before the Arbitral Tribunal) from selling, transferring, alienating, disposing of and / or encumbering their interests (legal, beneficial and/or economic) in any and all the properties of the Petitioners (Respondent Nos. In addition to the aforesaid direction, the Arbitral Tribunal also restrained the Petitioners in Arbitration Petition No. By the impugned order, pending the hearing and final disposal of the arbitration proceedings, and as an interim measure, the Arbitral Tribunal directed the Petitioners in both Petitions to jointly and severally deposit an amount of Rs.190 Crores, or in the alternative carbp.913.939.18.single.doc Aswale 5/73 to provide a bank guarantee for the said amount, and deposit the same with the Tribunal within a period of four weeks from the date of the impugned order. By these two Arbitration Petitions filed under Sectionģ7 of the Arbitration and Conciliation Act, 1996 (for short the Arbitration Act), the Petitioners challenge the order dated 4th July, 2018 passed by the Arbitral Tribunal under Section 17 of the Arbitration Act (for short the impugned order).
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