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2017 (4) TMI 504 - HC - Service TaxDispute between the contracting parties related to Service tax - invocation of unconditional bank guarantee - The petitioner contends in view of the nature of the dispute and clear assertion of the petitioner that service tax is not payable and the opinion of the Government on the basis of which the respondent invoked the bank guarantee is untenable in law. Held that:- The parties have agreed to the appointment of an Arbitrator by this Court. Accordingly, Mr. J.P. Khaitan, Senior Advocate is appointed as Arbitrator to adjudicate the dispute between the parties within four months from the date of entering reference.- There shall be an unconditional order of injunction restraining the respondent to realise the amount from IDBI Limited for a period of seven days from date.
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