Daily Status
Special Courts for Trial and Disposal of Commercial Disputes, Andhra Pradesh
Case No : COP - 77/2021
Diary No : 3653605001672021
Vijai Electricals Limited VS M/s Transformers & Rectifiers India Ltd
Listing Date : 28/03/2022
Date 28/03/2022   Court No. 1
Proceedings Summery Order pronounced (V.S.O). In the result the petition is allowed directing that within 20 days from the date of the order, the respondent NO.1 shall extend the bank guarantee bearing No.(1)1803751BGP00493 for an amount of Rs.6,50,00,000/- (2) 180375IBG00499 for an amount of Rs.5,50,00,000/- and (3) 180375IBGP00486 for an amount of Rs.10,00,00,000/- for a period of 1yeard from the date of this order or furnish the fresh bank guarantee for an amount of Rs.22,00,00,000/- (Rupees twenty two crores only) for a period of 1 year from the date of this order and the respondent NO.2 is directed not to release the security furnished or funds deposited by the respondent NO.1 for issuance of the bank guarantees mentioned above and issued by it in favour of the petitioner, without receiving a written communication from the petitioner about the compliance of this order. The petitioner is entitled to costs of the petition Stage Of Case For Order