JUDGMENT: (per Hon’ble Sri Justice Maheswara Rao Kuncheam)

The present appeal is filed under Section 37 of the Arbitration and Conciliation Act , 1996, by the appellant Zion Shipping Ltd., being aggrieved by the Order dated 13.10.2025 passed by the learned Single Judge of this Court in ICOMAOA No.5 of 2024.

2. The backdrop of the case is that initially, the appellant Company, by invoking Section 9 of the Arbitration & Conciliation Act (in short ‘Act’), filed ICOMAOA No.5 of 2024, before the learned Single Judge, seeking the following main relief:-

“…..pleased to a Ex parte order maintenance of the status quo attachment preservation interim custody or sale of 1600 MT of rice loaded/ being loaded on to the vessel MV BULK MANARA at the anchorage of 4th Respondents port pending the issuance of arbitration award b Ex parte direct Respondents to furnish security in favor of the Petitioner for the sum of USD 296,326.74 along with interest pending the issuance of arbitration awards and pass…..”

3. At the time of admission, the learned Single Judge on 23.04.2024 passed the ex parte conditional order of attachment of stock in trade of 1600 MTs of rice, subject to furnishing of security of US