Section 10(10)(d) in The Maharashtra Electricity Regulatory Commission (Distribution Open Access) Regulations, 2014
(d)The bank guarantee as provided at Regulation 10.2 (c) above, shall be kept valid and subsisting till the execution of the Long-term Open Access agreement, in the case when augmentation of distribution system is required, and till operationalisation of Long-term Open Access when augmentation of distribution system is not required.