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Delhi High Court Overturns Arbitral Tribunal’s Order, Allowing Invocation of Bank Guarantees in Naval Construction Dispute, Citing Failure to Meet Specific Requirements for Invocation and Breach Declaration

Court’s Decision: The Delhi High Court allowed the appeal, setting aside the impugned order dated 10 January 2024, passed by the Arbitral Tribunal. The High Court found that the invocation…

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Rawlaw September 18, 2024

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