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TMI Blog2021 (4) TMI 1344X X X X Extracts X X X X X X X X Extracts X X X X ..... ion Act in general and despite this Court having laid down in M/S. DEEP INDUSTRIES LIMITED VERSUS OIL AND NATURAL GAS CORPORATION LIMITED ANR. [ 2019 (11) TMI 1632 - SUPREME COURT ] that the High Court under Article 226 and 227 should be extremely circumspect in interfering with orders passed under the Arbitration Act, such interference being only in cases of exceptional rarity or cases whic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l, Adv., Mr. Sahil Tagotra, AOR, Mr. Anshuman Chowdhury, Adv., Mr. Sai Abhishek, Adv., Mr. Dev Priya Singh, Adv. For the Respondent : Mr. Tushar Mehta, SG, Mr. Raghavendra S. Srivatsa, AOR, Mr. S.Sriranga, Adv, Ms. Komal Mundhra, Adv, Mr. Likhi Chand Bonsle, Adv O R D E R 1) Leave granted. 2) We have heard Mr. K.V. Viswanathan, learned Senior Advocate appearing for the appellant a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... espondent was allowed in which a deposit of 50% of the principal amount of Rs. 56.23 Crores was ordered. 4) Despite this Court repeatedly referring to Section 5 of the Arbitration Act in particular and the Arbitration Act in general and despite this Court having laid down in Deep Industries Ltd. Vs. ONGC Anr. (2020) 15 SCC 706 that the High Court under Article 226 and 227 should be extremely ..... X X X X Extracts X X X X X X X X Extracts X X X X
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