High CourtsSingle Bench(2020) 10 DEL CK 0109

M/S MBL Infrastructures Ltd vs Telecommunication Consultants India Ltd & Anr

Delhi High Court · Decided on 13 October 2020

HON’BLE JUDGES
C .Hari Shankar, J
RESULT
Disposed Of
CASE NUMBER
Original Miscellaneous Petition No. 782 Of 2013, Miscellaneous Application No. 1425, 5696 Of 2020

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Judgment

8 paragraphs · 162 words

C .Hari Shankar, J

O.M.P. 782/2013

1.

The prayer in this application is for stay for encashment of Bank Guarantee No. 4041508BG0000190 dated 18th September, 2008, furnished by the petitioner, for an amount of Rs. 1,61,47,490/-, drawn upon the State Bank of Mysore, Nehru Place Branch, New Delhi.

2.

Vide letter dated 30th September, 2020, the respondents have agreed to release the said bank guarantee with accrued interest to the petitioner.

3.

The Registry is, therefore, directed to return the bank draft furnished to the Registry of this Court, against the aforesaid Bank Guarantee No. 4041508BG0000190 dated 18th September, 2008, for Rs. 1,61,47,490/- along with the interest accrued thereon, on the petitioner applying to the Registry for the said purpose, with a copy of this order.

4.

Nothing survives for adjudication in this petition and this petition is disposed of as such.

I.A. 1425/2020 and I.A. 5696/2020

1.

In view of the order passed in the petition, these applications are disposed of.