Oil and Natural Gas Corporation Limited vs Larsen & Toubro Limited

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

2026 Supreme(Online)(Bom) 3757

HIGH COURT OF BOMBAY
Sandeep V. Marne, J
Oil and Natural Gas Corporation Limited – Appellant
Versus
Larsen & Toubro Limited – Respondent

Advocates:
For the Petitioners:Mr. Zubin Behramkamdin, Senior Advocate, Ms. Shreya Gupta, Ms. Prachi Gupta, Ms. Shradhha Kedia i/b M/s. Shardul Amarchand Mangaldas & Co.
For the Respondents:Mr. Vikram Nankani, Senior Advocate, Mr. Rohaan Cama, Mr. Kyrus Modi, Mr. Mehul Talera, Mr. Indranil Deshmukh, Ms. Gathi Prakash Karrah, Ms. Nidhi Asher, Ms. Arushi Poddar, Mr. Prakhar Agarwal i/b M/s. Cyril Amarchand Mangaldas & Co.

Table of Content
1. unsuccessful party may seek section 9 relief post-award. (Para 1 , 2 , 3 , 4)
2. contract delay led to ld and bank guarantee disputes. (Para 5 , 6 , 7 , 8 , 9 , 10 , 11 , 12 , 13)
3. petitioner challenges award errors and seeks bg extension. (Para 14 , 15 , 16)
4. respondent contests maintainability due to delay and estoppel. (Para 17 , 18 , 19 , 20)
5. net award favors respondent over petitioner. (Para 21 , 22 , 23 , 24)
6. home care allows unsuccessful parties section 9 relief in rare cases. (Para 25 , 26 , 27 , 28 , 29 , 30 , 31 , 32 , 33)
7. petition maintainable; higher threshold for interim relief. (Para 34 , 35 , 36 , 37)
8. bg secures petitioner's ld claim against set-off. (Para 38 , 39 , 40 , 41 , 42)
9. rare compelling case justifies non-prejudicial bg renewal. (Para 43 , 44 , 45 , 46 , 47 , 48 , 49)
10. order directs bg extension pending section 34. (Para 50 , 51)

JUDGMENT:

PREFACE

1) This is a post Award Petition filed under Section 9 of the Arbitration and Conciliation Act, 1996 (Arbitration Act) seeking a direction to the Respondent to extend and to keep alive the Bank Guarantee provided by Respondent to the Petitioner towards liquidated damages as per clauses

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2026 Supreme(Online)(Bom) 3757

HIGH COURT OF BOMBAYSandeep V. Marne, JOil and Natural Gas Corporation Limited – AppellantVersusLarsen & Toubro Limited – Respondent

Cases Referred (2)

HIGH COURT OF BOMBAY
Sandeep V. Marne, J
Oil and Natural Gas Corporation Limited – Appellant
Versus
Larsen & Toubro Limited – Respondent