[COVID-19] Delhi HC restrains IOCL from invoking/encashing bank guarantees furnished by Punj Lloyd Limited

[COVID-19] Delhi HC restrains IOCL from invoking/encashing bank guarantees furnished by Punj Lloyd Limited
Delhi High Court on Bank Guarantees during Covid

The Delhi High Court has restrained Indian Oil Corporation Ltd from invoking and encashing bank guarantees furnished by Punj Lloyd Limited in connection with a contract for works at Haldia Refinery, West Bengal. (Ashwini Mehra vs IOCL & Ors)

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