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f) The Respondent No. 1 issued a letter on 12.12.2017 to the Appellant BGR Mining & Infra Ltd., seeking an explanation as to why suitable action under the provisions of the Project Agreement should not be taken against it in view of registration of CBI FIR.

g) A reply to the letter dated 12.12.2017 was issued on 14.12.2017 stating that it was too premature to comment on the CBI FIR as the case was under investigations and that the officials of the Appellants were cooperating with CBI for the same. Subsequent to this, a clarificatory response dated 24.12.2017 was also issued.