M/S Consolidated Construction Consortium Ltd. v. M/S Oil and Natural Gas Corporation Ltd.
Case brief
What is this about?
M/s Consolidated Construction Consortium Ltd v. M/s Oil and Natural Gas Corporation Ltd; Delhi High Court interim order 12.01.2026 (Vikas Mahajan, J.) in O.M.P.(I)(COMM.) 540/2025 & I.A. 32842/2025; anti-invocation injunction sought till 31.03.2026 against Liquidated Damages BG (ICICI Bank, Rs. 54,88,37,000/-), Performance BG (IDBI Bank, ₹21,57,15,046/-) and Interest BG (Bank of Baroda, ₹8,96,79,535/-); ONGC e-mail of 12.12.2025 demanding BG extension/amendment by 26.12.2025; undertaking not to act on the e-mail if BGs extended, without prejudice to rights and contentions under the award; respondent bound down to statement; petition and application disposed.
What did the court decide?
Petition disposed of in the aforesaid terms on the respondent's statement (taken on record; respondent bound down) that, if the Bank Guarantees are extended as stated by the petitioner, the e-mail calling for extension/amendment of the BGs shall not be acted upon, without prejudice to the rights and contentions of the parties under the award.