Hyderabad Precision Mfg. Co. Pvt. Ltd. v. Banking Ombudsman Reserve Bank Of India

HON'BLE SRI JUSTICE M.S.RAMACHANDRA RAO WRIT PETITION No.13252 of 2016 ORDER:

Counsel for the petitioners seeks permissions of this court to withdraw the Writ Petition with liberty to approach the competent civil Court for recovery of money paid by respondent No.2 to respondent No.3, on respondent No.3 invoking bank guarantee dt.12.09.2014 given by the petitioners towards performance security, in respect of certain supply orders placed on the petitioners by respondent No.3. Granting permission as sought for, this Writ Petition is dismissed as withdrawn. No costs.

Consequently, miscellaneous petitions pending, if any, shall stand dismissed. ____________________________ M.S.RAMACHANDRA RAO, J Date: 21-04-2016 pab