Petitioner sought restraint against invocation of letter of credit. Respondent agreed to withdrawal of invocation if letter of credit validity was extended. Petitioner withdrawn petition accordingly, which was allowed and disposed of.
Permitted to withdraw the present petition; disposed of as withdrawn.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
$~11
CAPARO POWER LTD ..... Petitioner
Through Mr. Puneet Singh Bindra and Mr. Akash Singh, Advocates.
versus
INDIAN OIL CORPORATION LTD AND ANR ..... Respondents Through None.
CORAM: HON'BLE MS. JUSTICE JYOTI SINGH
O R D E R % 08.01.2020
I.A. 160/2020 (Exemption)
Allowed, subject to all just exceptions.
Application is disposed of.
O.M.P.(I) (COMM.) 5/2020
The present petition has been filed seeking restraint against invocation of the letter of credit issued by the petitioner in favour of respondent No. 1 through respondent No. 2.
Learned counsel for the petitioner, at the outset, points out that the respondent No. 1 by a letter dated 07.01.2020 has communicated to the petitioner that the letter of invocation of the letter of credit will be withdrawn by respondent No. 1 subject to the petitioner extending the validity of the letter of credit till 30.01.2020.
Learned counsel for the petitioner submits that in view of said development, subsequent to the filing of the present petition, he has
instructions to withdraw the present petition.
The petitioner is permitted to withdraw the present petition in view of the letter dated 07.01.2020.
The letter is taken on record.
Petition is disposed of as withdrawn.
JYOTI SINGH, J
JANUARY 08, 2020 yo/
1 issue framed by the court
Whether the present petition can be withdrawn given the respondent's communication regarding extension of letter of credit validity?
1 provisions across 1 enactments
Caparo Power Ltd
Indian Oil Corporation Ltd and Anr
Jyoti Singh
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
