Allowed
Simplex Project Ltd. v. Ircon International Ltd.
Delhi HCOMP (ENF.) (COMM.)/144/2016
Case brief
AI extract
What is this about?
Execution application by decree holder sought release of a bank guarantee furnished under a 2019 order. Since Section 34 proceedings were concluded and uncontroverted by the judgment debtor, the court directed release of the bank guarantee and discharged the undertaking, disposing of the application.
What did the court decide?
Bank Guarantee No.INBG07920000024 released to the decree holder; undertaking dated 01.05.2019 discharged.