M/S.Nlc Tamil Nadu Power Ltd v. M/S.Tecton Engineering And Construction L.L.C

BEFORE THE MADURAI BENCH OF MADRAS HIGH COURT DATED: 18.03.2025

CORAM

THE HON'BLE MR.JUSTICE R.VIJAYAKUMAR C.M.P.(MD)No.4522 of 2025 in C.R.P(MD)No.1393 of 2024 M/s.NLC Tamil Nadu Power Limited, Represented by its Executive Director, Planning and Contracts and also at Chief Executive Officer, NLC Tamil Nadu Power Limited, Harbour Estate, Tuticorin - 628 004.

...Petitioner/Petitioner/Revision Petitioner

Vs.

1.M/s.Tecton Engineering and Construction LLC Represented by its Authorised Representive Samuel Raj Gnanalah having its registered office at P.O.Box. 6039, Ajman, U.A.E., and also at No.808, Gr Complex, Second Floor, Anna Salai, Nandhanam, Chennai - 500 035.

2.Bank of Baroda, Through its Chief Manager, Mount Road Branch, 150-A PB No.2246, Mount Road, Chennai - 600 002.

...Respondents/Respondents/Respondents

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PRAYER: Civil Revision Petition is filed under Article 227 of Constitution of India, to pass an order of Extension, Extending the bank Guarantees of Rs. 13,52,70,609/- and USD 150,879/- for a period of 8 weeks from 20.03.2025 and to direct the learned Principal District Judge, Tuticorin, to disposal of the Arbitration OP under AR.OP.No.149 of 2024 within 6 weeks from 20.03.2025. For Petitioner : Mr.K.R.Laxman For Respondents : M/s.Amikataria for R1 * * * * *

ORDER

The present revision petition was disposed of by this Court on 25.07.2024 with a direction to the learned Principal District Judge, Tuticorin, to dispose of Aribtration O.P.No.149 of 2024 on or before 30.11.2024. The first respondent in the revision petition was directed to keep the bank guarantee alive till 15.12.2024.

2.Thereafter, this Court by an order dated 05.12.2024 in C.M.P.(MD)No. 17390 of 2024, has directed the first respondent to keep the bank guarantee alive till 20.03.2025.

3.According to the learned Counsel appearing for the revision petitioner, arguments on either side have been completed in the arbitration proceedings and the parties are exploring the possibilities of settlement through conciliation and they request the Court for a direction to keep the bank guarantee alive for a further period of eight weeks.

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4.Considering the said request, the first respondent is directed to keep the bank guarantee alive till 30.06.2025.

5.With the above said terms, this Civil Miscellaneous Petition stands disposed of.

18.03.2025 Internet:Yes/No Index:Yes/No RJR To Samuel Raj Gnanalah, M/s.Tecton Engineering and Construction L.L.C., P.O.Box. 6039, Ajman, U.A.E., and also at No.808, Gr Complex, Second Floor, Anna Salai, Nandhanam, Chennai - 500 035 Copy to:- The Section Officer, VR Section, Madurai Bench of Madras High Court, Madurai.

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R.VIJAYAKUMAR , J.

RJR C.M.P.(MD)No.4522 of 2025 in C.R.P(MD)No.1393 of 2024 18.03.2025 4/4