Unlawful Encashment of Performance Bank Guarantee

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Delhi High Court Upholds Arbitral Award: Rejects Challenge Against Liquidated Damages, Unlawful Encashment of Performance Bank Guarantee, and Misinterpretation of Price Variation Clause in Metro Rail Supply Contract Dispute

Court’s Decision The Delhi High Court dismissed a challenge to an arbitral award concerning a dispute over the supply of head-hardened rails for metro rail expansion. The court held that…

Posted by

Rawlaw February 3, 2025

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Delhi High Court Upholds Arbitral Award: Rejects Challenge Against Liquidated Damages, Unlawful Encashment of Performance Bank Guarantee, and Misinterpretation of Price Variation Clause in Metro Rail Supply Contract Dispute
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