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JYOTI SINGH
Larsen & Toubro Limited – Appellant
Versus
Experion Developers Pvt. Ltd. – Respondent
| Table of Content |
|---|
| 1. details of contractual obligations and guarantees. (Para 1 , 2 , 3 , 4 , 5) |
| 2. petitioner's argument on contract validity and performance. (Para 6 , 16 , 17 , 18 , 19) |
| 3. court's observations on prior injunctions. (Para 8 , 9 , 14) |
| 4. petitioner's continued arguments on contractual compliance. (Para 20 , 21 , 22) |
| 5. respondent's arguments on invocation of guarantees. (Para 23 , 24 , 25 , 29 , 30 , 31) |
| 6. discussion of previous judgments and their relevance. (Para 32 , 33 , 34 , 40 , 41) |
| 7. legal principles governing bank guarantees. (Para 59 , 60 , 61 , 62 , 63 , 64) |
| 8. court's detailed analysis on bank guarantees. (Para 65 , 66 , 67 , 68 , 69) |
| 9. final determinations on guarantee validity. (Para 70 , 71 , 72) |
| 10. conclusion of the court's judgment. (Para 88 , 94 , 96 , 97) |
JUDGMENT :
JYOTI SINGH, J.
1. This is a petition under Section 9 of the Arbitration & Conciliation Act, 1996 (‘Act’) seeking interim injunction restraining the respondents from invoking Retention Money Bank Guarantees (‘RMBG’) for Rs.13,84,35,000/- each dated 18.04.2014 and 08.09.2014 respectively a
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