M/S Power Max (India) Pvt Ltd v. M/S Jindal Urban Waste Management (Guntur) Ltd & ANR

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IN THE HIGH COURT OF DELHI AT NEW DELHI

+ FAO(OS) (COMM) 33/2020 & C.M. No.5572-73/2020 M/S POWER MAX (INDIA) PVT LTD ..... Appellant Through Mr. Manish Kr. Srivastava and Mr.

Rijul Taneja, Advocates.

Versus

M/S JINDAL URBAN WASTE MANAGEMENT (GUNTUR) LTD & ANR ..... Respondent Through Mr. Manoj K. Singh and Mr. Vijay K.

Singh, Advocate for R-1.

Mr. Rajiv R. Mishra and Ms. Suruchi Yadav, Advocates for R-2.

CORAM:

HON'BLE MS. JUSTICE HIMA KOHLI HON'BLE MS. JUSTICE ASHA MENON

O R D E R

% 11.02.2020 1.

The appellant is aggrieved by an order dated 5.2.2020 passed by the learned Single Judge, dismissing a petition filed by it under Section 9 of the Arbitration and Conciliation Act, 1996 whereunder, interim directions were sought against the respondent No.1 restraining it from invoking/encashing two bank guarantees, one dated 25.7.2018 and the other dated 12.12.2018 for a sum of Rs.57,85,089/- and Rs.8,65,000/-, respectively. 2.

At the outset, learned counsel for the appellant states that the respondent No.2/Bank has already released the bank guarantees in favour of the respondent No.1.

FAO(OS) (COMM) 33/2020

3.

The present appeal is rendered infrutuous and is accordingly disposed of alongwith the pending application.

HIMA KOHLI, J ASHA MENON, J FEBRUARY 11, 2020 NA FAO(OS) (COMM) 33/2020