https://www.taxtmi.com/caselaws?id=395261 The High Court directed IOCL to seek remedies before the NCLAT, allowing the NCLT's order to stay enforced in a case involving the invocation of bank guarantees related to the Haldia Refinery Project. Despite challenges faced during the lockdown, including the extended closure of NCLT offices, the court issued an ad interim order restraining the encashment of certain bank guarantees until the next hearing. The judgment navigated the complexities of jurisdiction, pandemic impacts on legal proceedings, and the stay of encashment amidst evolving circumstances. en-us Fri, 17 Apr 2020 00:00:00 +0530 Thu, 14 May 2020 10:13:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395261 The High Court directed IOCL to seek remedies before the NCLAT, allowing the NCLT's order to stay enforced in a case involving the invocation of bank guarantees related to the Haldia Refinery Project. Despite challenges faced during the lockdown, including the extended closure of NCLT offices, the court issued an ad interim order restraining the encashment of certain bank guarantees until the next hearing. The judgment navigated the complexities of jurisdiction, pandemic impacts on legal proceedings, and the stay of encashment amidst evolving circumstances. Case-Laws Companies Law Fri, 17 Apr 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395261