Vikram Solar Private Limited v. Malwa Solar Power Generation Private Limited

$~34 * IN THE HIGH COURT OF DELHI AT NEW DELHI + O.M.P.(I) (COMM.) 351/2019, CAV. 1034/2019 & I.A. 14392/2019 VIKRAM SOLAR PRIVATE LIMITED ..... Petitioner Through:

Mr. Dhanesh Relan, Ms. Gauri Chaturvedi and Ms. Komal Sorout, Advs. with Mr. Amit Gupta, Director Legal.

versus MALWA SOLAR POWER GENERATION PRIVATE LIMITED ..... Respondent Through:

CORAM:

HON'BLE MR. JUSTICE V. KAMESWAR RAO

O R D E R

% 15.10.2019 This matter has been listed vide supplementary list circulated in the post lunch session on a mentioning made before Hon'ble Mr. Justice J.R. Midha.

I.A. 14392/2019 (for exemption) Exemption allowed subject to all just exceptions. Application stands disposed of.

O.M.P.(I) (COMM.) 351/2019 The present petition has been filed by the petitioner with the following prayers:

"In view of the facts and circumstances stated above, the petitioner most respectfully prays that this Hon'ble Court may be pleased to:

a.

pass an order restraining / injuncting the respondent

from encashing the performance bank Guarantee's detailed herein below:

b. BG NO.

ISSUE BENEFICIARY AMOUNT DATE IGL/0003415 11.07.15 IEDC ASSIGNED TO MALWA 6,84,00,000 IGL/0003615 11.07.15 IEDC ASSIGNED TO MALWA 34,80,000 IGL/0003915 11.07.15 IEDC ASSIGNED TO MALWA 38,35,000 IGL/0004115 13.07.15 IEDC ASSIGNED TO MALWA 6,94,00,000 IGL/0004415 13.07.15 IEDC ASSIGNED TO MALWA 9,60,000 IGL/0004615 13.07.15 IEDC ASSIGNED TO MALWA 9,60,000 IGL/0009117 14.09.17 MALWA SOLAR POWER 50,00,000 GENERATION LIMITED IGL/0009217 14.09.17 MALWA SOLAR POWER 50,00,000 GENERATION LIMITED IGL/0009517 14.09.17 MALWA SOLAR POWER 67,500 GENERATION LIMITED IGL/0009417 14.09.17 MALWA SOLAR POWER 67,500 GENERATION LIMITED IGL/0009317 14.09.17 MALWA SOLAR POWER 1,25,000 GENERATION LIMITED IGL/0009017 14.09.17 MALWA SOLAR POWER 1,25,000 GENERATION LIMITED TOTAL 15,74,20,000 All the aforesaid Bank Guarantees are valid and in existence.

B.

ex-parte ad interim orders in terms of prayers above; C.

Pass such further / orders as in the facts and circumstances of this case be deemed fit and proper." Mr. Dhanesh Relan, learned counsel for the petitioner fairly concedes that, as the bank guarantees have been encashed, the present petition has become infructuous and he wishes to withdraw the same. The petition is dismissed as withdrawn.

CAV. 1034/2019 Dismissed as infructuous.

V. KAMESWAR RAO, J OCTOBER 15, 2019/aky