Container Corporation Of India Limited v. National Highways Logistics Management Ltd

$~58 * IN THE HIGH COURT OF DELHI AT NEW DELHI + O.M.P.(I) (COMM.) 116/2025 CONTAINER CORPORATION OF INDIA LIMITED.....Petitioner Through:

Mr. Rahul Raj Mishra and Mr. Ishaan Raj, Advocates.

versus NATIONAL HIGHWAYS LOGISTICS MANAGEMENT LTD .....Respondent Through:

Mr.

Santosh Kumar, Standing Counsel with Mr. Adithya Ramani and Mr. Kartik Gupta, Advocates.

CORAM:

HON'BLE MS. JUSTICE JYOTI SINGH

O R D E R

% 04.04.2025 I.A. 8847/2025 1.

Allowed, subject to all just exceptions.

2.

Application stands disposed of.

O.M.P.(I) (COMM.) 116/2025 3.

This is a petition under Section 9 of the Arbitration and Conciliation Act, 1996 read with Section 151 CPC seeking a direction to restrain the Respondent from forfeiture of the Performance Bank Guarantee bearing No. 003GT02241970001 dated 15.07.2024 for an amount of Rs.2,00,00,000/- issued by HDFC Bank.

O.M.P.(I) (COMM.) 116/2025 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 07/04/2025 at 13:00:15

4.

At the outset, learned counsel for the Petitioner, on instructions, seeks to withdraw this petition as the Bank Guarantee stands encashed. 5.

Petition is disposed of as withdrawn.

JYOTI SINGH, J APRIL 4, 2025 B.S. Rohella O.M.P.(I) (COMM.) 116/2025 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 07/04/2025 at 13:00:15