Lockdown prima facie in the nature of force majeure: Delhi HC restrains Vedanta from invoking bank guarantees against Halliburton

Vedanta Bank Guarantees
Vedanta Bank Guarantees

Prima facie holding that the COVID-19 lockdown is in the nature of force majeure, the Delhi High Court has restrained Vedanta Ltd from invoking eight bank guarantees extended by Halliburton Offshore Services in connection with a development contract for certain blocks in Rajasthan. (Halliburton Offshore Services vs Vedanta Ltd)

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