Ramesh Ranganathan, J.

1. This appeal is preferred by ICICI Bank Limited (hereinafter called the appellant), under Section 37(1)(a) of the Arbitration and Conciliation Act, 1996, (hereinafter called the Act), aggrieved by the order passed by the Chief Judge, City Civil Court, Hyderabad in Arbitration OP No. 1031 of 2015 dated 22.06.2015. The appellant herein is the 2nd respondent in O.P. No. 1031 of 2015. The said O.P. was filed by the 1st respondent herein under Section 9 of the Act requesting the Court below to grant an injunction restraining the Nepal Electricity authority (2nd respondent herein) from invoking the bank guarantees issued by the appellant through Laxmi Bank Limited, Nepal and Nepal Investment Bank Limited, Nepal (respondents 3 and 4 herein); and to restrain the appellant and respondents 3 and 4 from honouring or encashing the bank guarantees. Parties shall, hereinafter, be referred to as they are arrayed in this appeal.

2. In the petition filed by them before the Court below, under Section 9 of the Act, the 1st respondent stated that the 2nd respondent had invited a tender for construction of civil works; they participated in the tender process, and were the