Search Results for "Performance Bank Guarantee"

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Madras High Court Allows Appeal in Contract for Sale of Goods Case — Supplier Failed to Prove Delivery of Machinery. Specific Performance of Contract for Supply of Hydraulic Press Cannot Be Granted Without Proof of Delivery and Acceptance Under Sale of Goods Act, 1930.

The appellant/defendant, M/s. Sri Ranganathar Industries Private Limited, appealed against the judgment and decree of the IV Additional District and S...

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Bombay High Court Dismisses Customs Reference Application for Non-Compliance with Time Limit Under Section 130A(4) of Customs Act, 1962. CESTAT's failure to submit statement of case within 120 days renders reference time-barred, leading to discharge of bank guarantee.

The petitioners, Asit C. Mehta Financial Services Limited and Asit C. Mehta, filed a writ petition seeking dismissal of Customs Application No. 28 of ...

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Bombay High Court Partially Allows Appeal Against Arbitral Tribunal's Interim Order in Commercial Arbitration Dispute. Court upholds Tribunal's power to grant interim relief under Section 17 of Arbitration and Conciliation Act, 1996, but modifies order to balance interests of both parties.

The judgment arises from two commercial arbitration petitions filed by Mahaguj Collieries Limited (the petitioner) under Section 37 of the Arbitration...

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Bombay High Court Dismisses Appeal Against Arbitral Tribunal's Interim Order in Bank Guarantee Dispute. Court upholds restraint on encashment of bank guarantee subject to deposit of amount, finding no perversity in the Tribunal's order under Section 37 of the Arbitration and Conciliation Act, 1996.

The petitioner, Mahaguj Collieries Limited, filed two arbitration petitions under Section 37 of the Arbitration and Conciliation Act, 1996, challengin...

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Bombay High Court Allows Petition Against Forfeiture of Earnest Money in Toll Collection Tender Dispute. Variation in Contract Period from 90 Weeks to 52 Weeks Constitutes Counter-Offer, Not Acceptance, Thus Forfeiture Invalid.

The petitioner, M/s Abhay Construction, a partnership firm, submitted a tender to the Maharashtra State Road Development Corporation Ltd. for collecti...

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Bombay High Court Dismisses Petition Challenging Invocation of Bank Guarantee in Commercial Dispute. Bank Guarantee Invocation Upheld as No Case of Fraud or Irretrievable Injustice Made Out.

The petitioner, M/s. Atul Medical, filed a writ petition challenging the invocation of a bank guarantee of Rs. 8 lacs by the respondent, M/s. Cadila H...