Search Results for "performance security deposit"

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Search Results for "performance security deposit"

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Supreme Court

Supreme Court Allows State Appeal in Mining Contract Interest Dispute — Security Deposit Does Not Carry Interest Despite Delayed Refund When Contract Expressly Bars Interest. Clause 19 of Form-L Contract Under Punjab Minor Minerals Concession Rules, 1964 Precludes Interest on Security Deposit, and Section 34 CPC Does Not Apply to Contractual Deposits.

1 Jan 2026

The case involves appeals by the State of Haryana and its officers against a judgment of the Punjab and Haryana High Court which directed payment of i...

High Court

Bombay High Court Allows Withdrawal of Appeal and Release of Deposited Amount in Insolvency Case — Moratorium Under Section 14 IBC Bars Enforcement Against Corporate Debtor's Assets. The cash deposit made by the corporate debtor in court is an asset belonging to the corporate debtor, and the resolution professional is entitled to its release for the resolution process.

13 Nov 2024

The Bombay High Court allowed an application filed by the Resolution Professional of Siti Networks Ltd. (corporate debtor) seeking withdrawal of Appea...

High Court

Bombay High Court Allows Petition Challenging 10% Performance Security Deposit in Railway Catering Contract. Court holds that Railway Board Circular dated 20.11.2020 prescribing 3% performance guarantee is binding and demand for 10% is arbitrary.

19 Oct 2023

The petitioner, M/s. Shiv & Sons, a proprietorship concern, responded to a tender notice dated 01.03.2023 issued by the Nagpur Division of Central Rai...

High Court

Bombay High Court Allows Petition Challenging Demand for 10% Performance Security Deposit in Railway Catering Tender. Court holds that demand for 10% performance guarantee instead of 3% as per Railway Board Circular dated 20.11.2020 is arbitrary and unsustainable.

19 Oct 2023

The petitioner, M/s. Shiv & Sons, a proprietory concern, participated in a tender issued by the Central Railway, Nagpur Division, for catering service...

High Court

Bombay High Court Grants Interim Relief to Charterer in Arbitration Dispute Over Vessel Collision - Directs ONGC to Release Withheld Invoices and Maintain Status Quo on Bank Guarantee. The court held that the petitioner made out a strong prima facie case for interim relief under Section 9 of the Arbitration and Conciliation Act, 1996, as the contract did not permit withholding of payments for the collision incident.

6 Jun 2022

The petitioner, Ocean Sparkle Limited, filed a petition under Section 9 of the Arbitration and Conciliation Act, 1996, seeking interim relief pending ...

High Court

Bombay High Court Quashes MIDC Circular Requiring 100% Completion of Work for Payment in Construction Contracts — Circular Held Unreasonable and Arbitrary Under Article 14 of Constitution of India. The court held that a circular requiring 100% completion of work before any payment is made is arbitrary and violative of Article 14, as it does not provide for payment for work done.

23 Oct 2020

The petitioner, M/s Mascot Construction Co., a partnership firm, challenged a Circular dated 27.08.2020 issued by the Maharashtra Industrial Developme...

High Court

Bombay High Court Dismisses Petition Challenging Arbitral Award in Security Deposit Dispute. Court upholds arbitrator's finding that the amount was a refundable security deposit and not a loan, rejecting challenge under Section 34 of Arbitration and Conciliation Act, 1996.

23 Jul 2019

The petitioners, A. S. Patel Trust and its trustees, challenged an arbitral award dated 12 October 2018 under Section 34 of the Arbitration and Concil...

High Court

Bombay High Court Dismisses Appeal Against Refusal to Injunction Bank Guarantee Encashment in Commercial Dispute. No Case of Fraud or Irretrievable Injustice Made Out to Restrain Bank Guarantee Invocation Under Contract Law Principles.

22 Mar 2017

The appeal arises from an order of the learned Single Judge refusing to grant an injunction restraining the respondent from encashing a bank guarantee...

High Court

Bombay High Court Dismisses Suit for Specific Performance of Agreement for Sale of Trust Property — Plaintiff Failed to Prove Readiness and Willingness. Agreement for Sale of Charitable Trust Land Requires Sanction Under Section 36 of Maharashtra Public Trusts Act, 1950; Time Was Not of Essence but Plaintiff's Conduct Showed Lack of Readiness.

4 Mar 2015

The plaintiff, Bastion Constructions, a partnership firm engaged in building and development, filed a suit for specific performance of an agreement fo...

High Court

Bombay High Court Allows Appeal Against Rejection of Temporary Injunction in Tender Cancellation Dispute. Court holds that the plaintiff has a prima facie case and balance of convenience in its favor regarding the cancellation of tender acceptance and forfeiture of earnest money.

20 Apr 2010

The appellant, Sunil Mantri Realty Limited, filed an appeal against the order dated 29.09.2009 passed by the learned Joint Civil Judge Senior Division...

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