Technimont Private Limited vs Ongc Petro Additions Limited

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

2020 Supreme(Del) 658

V.KAMESWAR RAO
Technimont Private Limited – Appellant
Versus
Ongc Petro Additions Limited – Respondent

Advocates Appeared:
Ritin Rai, Advocate, Shally Bhasin, Advocate, Karan Luthra, Advocate, Prateek Gupta, Advocate, Abhipsit Misra, Advocate, Kritika Bhardwaj, Advocate, Nakul Dewan, Advocate, K.R. Sasiprabhu, Advocate, Aditya Swarup, Advocate, Robin V S, Advocate

JUDGMENT

V. Kameswar Rao, J. - This is a petition filed under Section 9 of the Arbitration & Conciliation Act, 1996 (''Act'', for short) with the following prayers:-

"In the circumstances, it is most humbly and respectfully prayed that this Hon''ble Court may be pleased to:

(a) Restrain the Respondent from invoking and/or encashing and/or seeking extension of the following Bank Guarantees furnished by the Petitioners and consequently restrain the Respondent from acting upon or giving effect to the Impugned Communications dated 05.04.2020, 07.04.2020 and 10.04.2020;

S. No.	BG No.	Date of Issue	Issuing Bank	Amount	Valid till
	Advance Bank Guarantee
1	171020560469-LA	21.7.2018	Standard Chartered Bank	Euro 4,36,367/-	14.04.2020
2	171020560450-LA	21.7.2018	Standard Chartered Bank	Euro 62,36,099/-	14.04.2020
	Performance Bank Guarantee
3	464840	22.7.2011	BBVA

Click Here to Read the rest of this document

2020 Supreme(Del) 658

V.KAMESWAR RAOTechnimont Private Limited – AppellantVersusOngc Petro Additions Limited – Respondent

Cases Referred (8)

V.KAMESWAR RAO
Technimont Private Limited – Appellant
Versus
Ongc Petro Additions Limited – Respondent