Injunction under S. 9 of Arbitration and Conciliation Act cannot be granted to restrain board meeting for removal of Director: Delhi High Court
The remedy under Section 9 is equitable, discretionary in nature and primarily exercised to preserve subject matter of arbitration or to prevent frustration of arbitral proceedings. Such power must be exercised cautiously, particularly where interim relief sought effectively amounts to grant of final relief or impinges upon statutory powers conferred under Companies Act, 2013.