Search Results for "Performance Bank Guarantee"

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Supreme Court Reverses High Court Order in Tender Dispute Involving Foreign Sovereign Funding. High Court Erred in Interfering with Technical Bid Rejection Under Article 226 as Project Funded by Japanese Loan with Non-Negotiable Terms Under Memorandum of Understanding.

The dispute arose from a tender process for the Mumbai-Ahmedabad High Speed Rail Project, where the National High Speed Rail Corporation Limited (NHSR...

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Bombay High Court Dismisses MSEDCL's Application to Declare Arbitral Award Satisfied as Vexatious and Dilatory. Unilateral Deposit of Disputed Amount Without Decree-Holder's Consent Does Not Discharge Judgment-Debtor Under Section 31 CPC.

The case involves a Chamber Summons filed by Maharashtra State Electricity Distribution Company Limited (MSEDCL), the unsuccessful respondent in an ar...

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High Court of Bombay at Goa Allows Section 9 Petition for Interim Relief in Iron Ore Sale Dispute. Petitioner granted injunction restraining respondent from drawing on bank guarantees and ordered to maintain status quo on letter of credit.

The petitioner, M/s. Vedanta Limited (formerly Sesa Sterlite Ltd), a company engaged in extraction, sale and export of iron ore, entered into a Master...

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Bombay High Court Allows Petition in Tender Dispute Over Exchange Rate Date — Interpretation of Clause 20(c) of Tender Documents. Court Holds That Date of Opening of Techno-Commercial Bid Is the Relevant Date for Exchange Rate Determination Under Tender Clause.

The petitioners, Knowledge Infrastructure Systems Pvt. Ltd. and its director, filed a writ petition challenging the decision of Respondent No.1, Mahar...

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Bombay High Court Grants Interim Relief to Franchisee in IPL Termination Dispute. Court restrains BCCI from terminating franchise agreement and issuing fresh tender pending arbitration, holding that prima facie case and balance of convenience favor the franchisee.

The petitioner, Deccan Chronicle Holdings Ltd. (DCHL), was the successful bidder for the Hyderabad franchise of the Indian Premier League (IPL) and en...