S EG COMMUNICATIONS PVT LTD v. DELHI METRO RAIL CORPORATION

Delhi High Court · 15 Jan 2013 · 2013:DHC:8377
Manmohan Singh
2013:DHC:8377
civil appeal_allowed

AI Summary

The Delhi High Court continued the interim order preserving Bank Guarantees until the final arbitration award, disposing of related petitions without costs.

Full Text
Translation output
$-41, 42 & 43 HIGH COURT OF DELHI o.M.P. 82912012
IU/S EG COMMUNICATIONS PVT LTD ..... Petitioner
Through M'.Neeraj Kishan Kaul, Sr.Adv. with Mr.Ashish Mohan & Mr.Chetan Rai
Wahi. Advs. VETSUS DELHI METRO RAIL CORPORATION
Through Mr.Shiv Kumar, Adv. o.M.P. 83012012 M/S EG COMMLTNICATIONS PVT LTD
,.... Respondent ..... Petitioner L VETSUS DELHI METRO RAIL CORPORATION
Thlough Mr.Shiv Kumar, Adv. o.M.P. 83t/20r2 M/S EG COMMLTNICATIONS PVT LTD
Through Mr.Neeraj Kishan Kaul, Sr.Adv. with Wahi. Advs. ..... Respondent ..... Petitioner
Through Mr.Neeraj Kishan Kaul, Sr.Adv. with Wahi, Advs.
VERSUS
DELHI METRO RAIL CORPORATION ..... Respondent
Through Mr.Shiv Kurnar, Adv. 2013:DHC:8377
CORAM:
HON'BLE MR. JUSTICE MANMOHAN SINGH
1s.01.2013 Learned counsel for the respondent has admitted that the arbitation proceedings have commenced. He further states that he has no objection if the interirn order already granted vide order dated 5'h October,2012 passed by this Court be continue till the final detennination of the arbitation proceedings.
The petitioner undertakes that the Bank Gualantees in question, i.e.
! (i) No.lTlrr dated 18th March, 2011, (iD No.0013-8G0043-12 dated 26tt'
March, 2012, (iii) No.0013-8G0042-12 dated 26'h March, 2012 and
(iv) No.0013-BG0007-13 dated 2nd January,2013 in OMP No.83 L/2012 and, (v) No.0013-BG00B4-11 dated 20tr' September,20ll in OMP No.830/2012 shall be kept alive till the final decision of the Arbital Tribunal.
The abovernentioned petitions are accordingly disposed of. No costs.
M]cf'rffirK"rh.
JAIIUARY L5, 20l3ll< 2013:DHC:8377
JUDGMENT