The Oriental Insurance Company Limited v. Nagarjuna Agrichem Limited

$~46 & 47 * IN THE HIGH COURT OF DELHI AT NEW DELHI + O.M.P. (COMM) 272/2020 THE ORIENTAL INSURANCE COMPANY LIMITED .....Petitioner Through:

versus NAGARJUNA AGRICHEM LIMITED .....Respondent Through:

Mr. Saurav Tadakamalla, Ms.

Devanshi Rangi, Ms. Manvi Adlakha, Ms. Anusha Sinha, Advs.

+ O.M.P. (COMM) 421/2020 THE ORIENTAL INSURANCE COMPANY LIMITED .....Petitioner Through:

versus NAGARJUNA AGRICHEM LIMITED .....Respondent Through:

Mr. Saurav Tadakamalla, Ms.

Devanshi Rangi, Ms. Manvi Adlakha, Ms. Anusha Sinha, Advs.

CORAM:

HON'BLE MR. JUSTICE JASMEET SINGH

O R D E R

% 17.03.2025 I.A. 5666/2025 & I.A. 5665/2025 1.

These are the application seeking directions to the Registrar General to release bank guarantees bearing No.

FBGI00912100131 and FBGI00912100132.

2.

The bank guarantees were furnished by the applicant/respondent for release of the money deposited by the petitioner. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 20/03/2025 at 12:37:52

3.

Since the petition under section 34 of Arbitration and Conciliation Act, 1996 has been dismissed vide judgment dated 13.02.2025, the applications need to be allowed and the bank guarantees need to be released in favour of the applicant/respondent.

4.

For the said reasons, the applications are allowed and concerned Registrar is directed to release bank guarantees bearing No.

FBGI00912100131 and FBGI00912100132 within 1 week. 5.

The applications are disposed of.

JASMEET SINGH, J MARCH 17, 2025/DM Click here to check corrigendum, if any The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 20/03/2025 at 12:37:52