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(18) The said guarantees read as under : "I.BANK Guarantee NO. NP/G/16/136 Bank Of India, Nehru Place Performance Bank Guarantee (Name of Employer M/s National Building Construction Corporation Ltd.) (Address of Employer N.B.C.C. House, Lodi Road New Delhi 110003). Whereas M/s. Nangia Construction (India) Pvt. Ltd. 204 Sahyog, 58, Nehru Place. New Delhi-110019 (hereinafter called "the Contractor") has undertaken, in pursuance of Contract accepted vide letter No. Engg/T/NZ/1/87/539 dated 20.7.87 to execute Widening to four lanes of N.H. 1 in Haryana (Km 50 to 74.80 Murthal to Samalkha) awarded by P.W.D. Haryana in favor of M/s. National Buildings Construction Corporation Ltd. vide their letter No. 34-NH-86/1239/WB .dated 01.07.87 called 'the Contract".

"NANGIACONSTRUCTIONS (INDIA) PVT. LTD. Engineers Builders DEVELOPERS. 24, Sahyog, 58 Nehru Place, New DELHI. REF. No. NPCL/454/89 April 19, 1989 1. C.G.M. (Works) N.B.C.C. LTD., Lodhi Road, New Delhi. 2. Chief Engineer (VI) Works, N.B.C.C. LTD., Lodhi Road, New Delhi, 3. Project Manager (Works), N.B.C.C. LTD., Sonepat. Sub : Widening to four lanes including strengthening of existing pavements between Km. 50&130 of NH-1 in Haryana Km. 50 to 74.80 Murthal-Samalkha). works, though for all practical purpose, they know that we are executing works at site, but do not consider our entity of any significance. You will appreciate our contract is based on back to back basis. Whether such contracts are entered. Associate contractors have inherent right to directly deal with Client Department. The Margin Money, in other words, royalty of Corporation is 5% of the amount of the work executed by us and total cost of the work awarded to Corporation by the Haryana Govt. is Rs. 9,43,92,969.45, which, in turn, has been awarded to us by the Corporation. You will concede various problems arise and crop up in the execution of Engineering Contracts and day to day discussions thereon are invariably to be held at site and decisions given. Whenever these are held, the Client Department refuses to recognise our entity and it is after the Client Department's officials leave site, only then we are allowed to discuss with the Corporation officials who subsequently do not find convenient to get these resolved as Corporation being Government Organisation finds it difficult to exert its weight on another Govt. Organisation. This non- coordination has started showing impacts on the progress of work.