4 Whether This Case Involves A ... vs Gujarat State Fertilizers And ... on 9 March, 2017 thumbnail
4 Whether This Case Involves A ... vs Gujarat State Fertilizers And ... on 9 March, 2017
indiankanoon.org
That, the contract was awarded for a total amount of Rs. 38,29,00,000 Contractor was required to furnish advance Advance Bank Guarantee and a Performance Bank Guarantee in favour of the original respondent for the sum of Rs. 5,17,17,726/= and Rs. 3,82,90,000/= respectively invocation of the Advance
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  • That, the contract was awarded for a total amount of Rs. 38,29,00,000
  • Contractor was required to furnish advance Advance Bank Guarantee and a Performance Bank Guarantee in favour of the original respondent for the sum of Rs. 5,17,17,726/= and Rs. 3,82,90,000/= respectively
  • invocation of the Advance Bank Guarantee and Performance Bank Guarantee pursuant to such notice or even otherwise;
  • other coercive measures
  • It is submitted that as such, the purpose and object of the said Bank Guarantee is to secure amount of Rs. 3,82,90,000/= paid in advance by the owner.

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