ORDER :

1. This Writ Petition is filed seeking a Writ of Mandamus declaring the action of the 2nd respondent in issuing the requisition letter to the 1st respondent-Bank for invocation of the four Bank Guarantees for the amount of Rs. 4,40,00,000/- vide Reference No. F&A/MKTG/BGINVOCATION/TIPIL/20-2021/22 dated 13-11-2020 and trying to invocation of the bank guarantees by the 1st respondent as illegal, arbitrary, violation of Clause 4 of the Agreement between the petitioner and the 2nd respondent and also against the violation of Covid-19 Regulatory Package Guidelines issued by the Reserve Bank of India (RBI) dated 27-03-2020 and also violation of Article 21 of the Constitution of India and consequently set aside the same.

2. Heard Sri. Y. Balaji, learned counsel for the petitioner-company and Sri. S. Ravi, learned counsel for the respondents.

3. It has been contended by the petitioner that it is a registered company and it had entered into an agreement with the 2nd respondent on 11-09-2017 for providing financial assistance for procurement of various equipments, materials from different sources for installation, erection, commissioning at different projects awarded to the petitioner