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Hearing on Bank Guarantee Request by Bhumica Veera is a document available to read on EtoBox.

What is Hearing on Bank Guarantee Request about?

This order concerns an application seeking early hearing of a petition filed by Steel Authority of India Ltd (SAIL) against an arbitral award in favor of Tata Projects Ltd and another company. SAIL is seeking exemption from depositing the full awarded amount, citing financial distress due to COVID-19. The court heard arguments from both sides. SAIL argued for granting a stay by accepting bank guarantees, citing past precedent, while the respondents argued that deposit is the norm and SAIL had sought time pr

Author

Bhumica Veera

Language

EN