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

Delhi High Court on Bank Guarantees during Covid
Delhi High Court on Bank Guarantees during Covid
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3 min read

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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