Search Results for "Performance Deposit"

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Supreme Court Allows Appeal Against Arbitrator Appointment in Tender Dispute Due to Absence of Concluded Contract. No Valid Arbitration Agreement Found as Letter of Intent Was Contingent on Formal Work Order Under Section 7 of Arbitration and Conciliation Act, 1996.

The dispute arose between Maharashtra State Electricity Distribution Company Limited (MSEDCL), a state government electricity distribution utility, an...

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High Court of Karnataka Allows Petition to Restrain Encashment of Bank Guarantee in Contract Dispute — No Concluded Contract Found. Court quashes demand letters and directs status quo, holding that without a work order, there is no concluded contract and invocation is arbitrary.

The petitioner, PG Setty Construction Technology Pvt. Ltd., a construction company, filed a writ petition under Articles 226 and 227 of the Constituti...

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High Court of Bombay at Goa Upholds Executing Court's Order Directing Bank to Deposit Amount in Execution Proceedings — Review Dismissed. Bank's Challenge Under Article 227 Fails as Executing Court's Order Was Within Jurisdiction and Not Contrary to Law.

The petitioner, Dena Bank, was the defendant no.2 in Special Civil Suit No.100/2007 filed by the respondent no.1 (since deceased, represented by legal...

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Bombay High Court Grants Interim Injunction in Film Distribution Rights Dispute Over 'Sholay' and 'Sholay-3D'. The court held that a prima facie case for breach of contract and infringement of copyright was made out, warranting protection of the plaintiff's exclusive distribution rights pending trial.

The plaintiff, Narendra Hirawat And Co., filed a commercial IP suit seeking to enforce its exclusive distribution and exploitation rights in the films...

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Supreme Court Allows Appointment of Arbitrator in Dispute Over Encashment of Performance Bank Guarantee After Full Contractual Performance. Arbitration Clause Covers Dispute Despite Completion of Contract and Payment.

The petitioner, M/S Glock Asia-Pacific Ltd., filed an application under Section 11(6) of the Arbitration and Conciliation Act, 1996, seeking appointme...

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Bombay High Court Dismisses Petition to Restrain Encashment of Performance Bank Guarantee in Arbitration Dispute. Court holds that bank guarantee is an independent contract and injunction can only be granted in cases of fraud or irretrievable injustice, which were not established.

The petitioner, Karam Chand Thapar & Bros. (Coal Sales) Ltd., filed a petition under Section 9 of the Arbitration and Conciliation Act, 1996, seeking ...