Karam Chand Thapar and Bros (Coal Sales) Limited v. Thdc India Limited
Case brief
What is this about?
Order returning a ₹ 25.50 crores Bank Guarantee to the petitioner after their counsel filed an affidavit undertaking to furnish a fresh guarantee if additional amounts were found due under a related arbitral award.
What did the court decide?
Return of Bank Guarantee No. 190GM03170900002 dated 31.03.2017 for ₹ 25.50 crores within 1 week.