Disposed
M. Venkata Rao Infra Projects Pvt. Ltd. v. National Highways Authority of India & Anr.
Delhi HCO.M.P.(I) (COMM.)/399/2017
Case brief
AI extract
What is this about?
The Court observed that it had already been exercised powers of the lenientness in the matter before it and the arbitrator was appointed. It observed that it had treated the petition as an application under Section 17 of the Arbitration and Conciliation Act. It granted the bank guarantees alive. It disposed the petition.
What did the court decide?
The petition stands disposed of. The respondent shall not encash bank guarantees subject to keeping them alive.