2014 (11) TMI 1242

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ASG with Mr. B.S. Shukla, CGSC, Ms. Pallavi Shali and Mr. Rajur Jain, Advocates ORDER 1. Issue notice to the respondents. 2. Mr. Shukla accepts notice on behalf of respondent no.1. 3. I am informed by Mr. Jain, the learned ASG that the contract in issue is being executed through the Engineering Consultant i.e., RITES Ltd. (respondent no.2). Therefore, in view of the order that I propos....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....,500/-; 0008BG00037712, dated 19.07.2011, for Rs. 2,17,71,500/-; and 0008BG00037812, dated 19.07.2011, for Rs. 2,17,71,500/- (which are in the nature of advance bank guarantees), will be encashed by respondent no.1 subject to the petitioner's lodging their claim with respect to work done before the learned arbitrator; (ii). in so far as remaining two bank guarantees bearing no. nos.019211....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... nominee for his appointment as an arbitrator out of the approved panel of Indian Roads Congress, within two weeks from today. Respondent no.1 shall do likewise within two weeks from today. The third arbitrator will be appointed by the two nominees of the petitioner and respondent no.1, who shall act as a Presiding Officer; 5.1 In view of what is stated by the learned ASG, whereby in effect he ....