1. The petitioner has filed the present petition inter alia praying for the following relief.

“(a) grant an ad interim ex-parte stay on the effect and operation of the termination letter dated 01st September, 2017 issued by the Respondent No.1 to the Petitioner thereby terminating the PSC dated 30th June 2010;

(b) pass ad-interim ex-parte orders restraining the Respondents from taking any coercive or precipitate steps in respect of, or invoking, encashing, depositing/receiving any payment under, the following:

(i) The Bank Guarantee No.PBGI00701700138 dated 23.03.2017 for an amount of INR 8,30,00,000/- (Rupees Eight Crore Thirty Lac Only) issued by the Respondent No.3 in favour of the Respondent No.1; and

(ii) the Bank Guarantee No.PBGI00701600310 dated 07.06.2016 for an amount of INR 4,33,62,231/- (Rupees Four Crore Thirty Three Lac Sixty Two Thousand Two Hundred Thirty One Only) issued by the Respondent No.3 in favour of the Respondent No.1”.

During the course of the oral submissions, the learned senior counsel for the petitioner confined his submissions only with respect to prayer (b) quoted above, presumably because the petitioner itself vide letter dated 24.04.2017 had re