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Delhi High Court - Orders

M/S Royal Marine Co & Others vs Naftogaz India Private Ltd on 7 March, 2024

Author: Dharmesh Sharma

Bench: Dharmesh Sharma

                             $~C-23
                             *         IN THE HIGH COURT OF DELHI AT NEW DELHI
                             +         CO.PET. 128/2011
                                       M/S ROYAL MARINE CO & OTHERS                                                        ..... Petitioners
                                                                            Through:

                                                                            versus

                                       NAFTOGAZ INDIA PRIVATE LTD                                                          ..... Respondent
                                                                            Through:                 Mr. T.P. Singh, Sr. Central
                                                                                                     Govt. Counsel for UOI-ALC
                                                                                                     Mr. Siddharth Khattar, Adv. for
                                                                                                     Ex-Management        of     the
                                                                                                     respondent company
                                                                                                     Mr. Rishi Manchanda, Standing
                                                                                                     Counsel with Mr. Dipansh
                                                                                                     Verma, Adv. for the OL
                                                                                                     Mr. Varun Mishra, Sr. Standing
                                                                                                     Counsel with Mr. Akanya
                                                                                                     Sahay and Mr. Pranaya Sahay,
                                                                                                     Advs. for Customs-Assistant
                                                                                                     Commissioner           Customs
                                                                                                     (Imports)
                                       CORAM:
                                       HON'BLE MR. JUSTICE DHARMESH SHARMA
                                                                            ORDER

% 07.03.2024

1. This hearing is being conducted through hybrid mode. CO.APPL. 265/2024 (Seeking reduction of Bank Guarantee amount)

2. This application has been moved on behalf of the applicant/Ex- Management seeking certain directions for reduction in the amount of Bank Guarantee that has been fixed as per the previous order dated 30.04.2013.

This is a digitally signed order.

The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 12/03/2024 at 00:10:23

3. Mr. Rishi Manchanda, learned Standing Counsel for the Official Liquidator requests time to file a reply. Let reply be filed within two weeks from today.

4. Since the Bank Guarantee is up to 31.03.2024 and none appeared on behalf of the BPCL, despite advance notice, let the matter be placed for consideration on 21.03.2024.

5. However, let notice of the present application be issued to the Bharat Petroleum Corporation Ltd. (BPCL) on supplying the complete address of BPCL, by all permissible modes including via approved courier as well. Dasti too.

DHARMESH SHARMA, J.

MARCH 7, 2024 sp This is a digitally signed order.

The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 12/03/2024 at 00:10:23