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2. The Petition, under Section 9 of the Arbitration and Conciliation Act 1996, seeks interim protection pending arbitration to restrain the 1st Respondent, IL&FS Financial Services Ltd ("IFIN") from acting on its Event of Default ("EoD") notice of 23rd July 2019. The second prayer is for a temporary injunction 9th April 2021 4-ARBPL10089-2020.DOC restraining IFIN from acting in furtherance of a pledge invocation notice of 20th August 2020.