Introduction

1. Devas Multimedia Private Limited (‘Devas’) has filed this petition against Antrix Corporation Ltd. (‘Antrix’) under Section 9 of the Arbitration & Conciliation Act, 1996 (‘Act’) for directions to Antrix to secure the amount awarded in favour of Devas by an Award of the Arbitral Tribunal (‘AT’) dated 14th September, 2015 together with interest @ 18% per annum from the date of the Award till the date of full payment, by furnishing a Bank Guarantee (‘BG’), or attaching the bank accounts, receivables, other movable or immovable assets of Antrix.

2. On 9th October, 2015, Antrix appeared on advance notice and raised a preliminary objection to the maintainability of the present petition. It was urged that this Court lacked territorial jurisdiction to entertain the present petition and that, in any event, no case for invocation of Section 9 of the Act was made out.

3. On 19th January, 2016, notice was formally issued to the Respondent. The order passed on that day records that Mr. Gourab Banerjee, learned Senior counsel for Antrix besides other submissions, rai