JUDGMENT

1. The present petition under Section 9 of the Arbitration and Conciliation Act, 1996 has been filed by M/s Leighton India Contractors Pvt. Ltd ("Petitioner") against DLF Ltd. ("DLF") and M/s Axis Bank Ltd. (the "Bank") seeking the following reliefs:

(a) Restraining Respondent No.1, its agents, officers, employees etc. from invoking and/or encashing Bank Guarantee(s) as detailed Paragraph No. [73] herein above issued by Respondent No.2 during pendency of the present Petition till conclusion of arbitration proceeding; and/or;

(b) Restraining Respondent No.2, its agents, officers, employees etc. from making any payment to Respondent No.1 under Bank Guarantee(s) as detailed Paragraph No. [73] herein above during pendency of the present Petition till conclusion of arbitration proceeding; and/or;

Or

In alternative, if amount is already released by the Respondent no.2 in favour of the Respondent no.1 under Bank Guarantee(s) as detailed Paragraph No. [73],

(c) Direct the Respondent No.1, its agents, officers, employees etc. to pay to and deposit the complete amount received under Bank Guarantee(s) as detailed Paragraph No. [73] with the Petitioner during pendency of the pres