( 1 ) THIS is a revision by the respondent No. 1 against the order dated 25th March, 1981, passed by the IV Additional City Civil Judge, Metropolitan Area, Bangalore City, in Arbitration Petition No. 12/1981, allowing I. A. I. and thereby restraining the first respondent from realising the bank guarantees until the disposal of the main arbitration petition.

( 2 ) THE parties are referred to with reference to their position in the trial Court.

( 3 ) THE petitioner Korula Rubber Company Private Ltd. , a private limited company, having its registered office at Bombay, is carrying on business of manufacturing and selling rubber goods and rubber-lining of steel pipes and fittings. The respondent No. 1 Kudremukh Iron Ore Company Ltd. , is a Government of India undertaking and is engaged in the business of iron ore mining at Kudremukh. The respondent No. 2 United Commercial Bank is a nationalised bank. The Engineers India Ltd. , is the authorised inspection agent nominated by the respondent No. 1 and Metchem in respect of the work of rubber-lining of pipes and fittings entrusted to the petitioner under a contract. The respondent No. 2 bank has executed five bank guarante