Sunday, April 26, 2020

Delhi HC restrains IOCL from invoking bank guarantee furnished by Punj Lloyd

“…till the expiry of the period of one week from the lifting of the lockdown, imposed by the central government consequent to an n-Covid-2019 pandemic, IOCL shall remain injuncted from encashing/invoking the aforesaid three bank guarantees,” the court said while dealing with one of two petitions filed by Ashwini Mehra, resolution professional of Punj Lloyd.

from Energy-Industry-Economic Times https://ift.tt/3cPN4qs

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