M/S Gokul Projects v. Gail Gas Ltd. & Ors.
Case brief
What is this about?
The High Court disposed of a writ petition where the petitioner challenged blacklisting and bank guarantee invocation. Holding the blacklisting decision academic due to time elapsed, the court clarified the petitioner cannot face further tax on blacklisting and noted remedies for the bank guarantee lie elsewhere.
What did the court decide?
Clarified that the respondent shall not hold the blacklisting against the petitioner; petitioner at liberty to pursue other remedies for bank guarantee via arbitration.