2020 (5) TMI 294

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... of M/s. Punj Lloyd Limited (PLL) under Article 226 of the Constitution of India, essentially seeks issuance of appropriate writ, quashing and setting aside the actions of IOCL, who sought to invoke certain bank guarantees, which were submitted by the petitioner, in accordance with the terms of the contract between PLL and IOCL, relating to the Haldia Refinery Project. 3. Mr. Nayar, learned Senior Counsel for the petitioner, at the very outset, submits that he is being constrained to approach this Court only because of certain unavoidable circumstances, in which his client finds itself placed, owing to the present n-COVID-2019 pandemic crisis, which has global implications, and to which India has also, unfortunately, fallen prey. 4. Even ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ion of the bank guarantees, submitted by the PLL, though the IOCL, through Mr. Koura has serious misgivings on pleading regarding propriety of such exercise. 6. Mr. Nayar's submission is that, his client, in the present case, too, intends to approach the NCLT and seeks an injunction against the IOCL from encashment/invocation of the bank guarantees, forming subject matter of this writ petition, but that, owing to the lockdown, announced by the Central Government, consequent upon the n-COVID-2019 crisis, which is to continue in force till 3rd May, 2020 as of now, he is not in a position to do so. Mr. Nayar has invited my attention to a notice, dated 22nd March, 2020, issued by the NCLT, which, as he submits, has been extended thereafter. Ac....