JUDGMENT :

VIBHU BAKHRU, J.

IA Nos. 6495/2021, IA 6496/2021

1. Allowed, subject to all just exceptions.

O.M.P.(I) (COMM.) 158/2021

2. The petitioner has filed the present petition under Section 9(1) of the Arbitration and Conciliation Act, 1996 (hereinafter the ‘A&C Act’), inter alia, praying as under:-

“i) Direct the Respondent not to invoke and/or encash the Performance Bank Guarantees No. 003GT02180720033 of Rs. 1,18,75,000/- dated 13.03.2018. till further orders;

ii) Direct the Respondent not to encash the HDFC bank cheque bearing No. 000209 amounting to Rs. 1,18,75,000/- till further orders;

iii) Restrain the Respondent from taking any coercive steps against the Petitioner in relation to the Contract dated 27.12.2017.”

3. Mr Nath, learned counsel appearing for the petitioner has, essentially, stressed on two reliefs. First, that this Court should restrain the invocation of the bank guarantee in question (Performance Bank Guarantee No. 003GT02180720033 of Rs.1,18,75,000 - hereinafter ‘the Bank Guarantee’); and second, that the respondent be directed not to encash the cheque furnished by the petitioner (Cheque bearing No. 000209 amounting to Rs.1,18,75,000/-) till further orders.

4. On 2