( 1 ) THESE are two applications under section 9 of the Arbitration and Conciliation Act, 1996 filed by one of the contracting parties to a contract agreement. The petitioner has asked for the following reliefs from the court :

" (a)Injunction restraining the respondent company, its agents servants and assigns from invoking the said Bank Guarantee No. G16/67 dated 17th December 1997 for Rs. 26,00,000/-issued by the Bank of India in favour of Indiana Conveyors Pvt. Ltd. , at the instance of your petitioner; (b)Injunction restraining the respondent company, its servants, agents and assigns from receiving any payment from the Bank of India against the said Bank Guarantee No. G 16/67 dated 17th December, 1997; for Rs. 26,00,000/-; (c)Injunction restraining the respondent company, its agents, servants and assigns to receive any payment from Reliance Petroleum Ltd. , and/or its project partners FMC-a U. S. based Multi-national without leaving a sum of Rs. 79,61,162. 52 p. on account of your petitioner to secure its claim; (d)Ad interim order in terms of prayers (a), (b) and (c) above; (e)Costs of an incidental to this application be paid by the respondent; (f)Such further order or orders

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