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Showing contexts for: Infrastructure Development in M/S Oasis Projects Ltd. vs National Highway And Infrastructure ... on 10 April, 2024Matching Fragments
79. This Termination Order is issued without prejudice to any other right or remedy available with the Authority under the Contract Agreement and applicable law.
80. This issues with the approval of the Competent Authority.
11. Simultaneously, proceedings were going on before the Guwahati High Court in Review Pet. 12/2022, titled "The Managing Director, National Highway and Infrastructure Development Corporation Ltd. and Anr. v. The Union of India and Ors." wherein it was observed that the Appellant had "abandoned the work", and on 28th September, 2022, following directions were issued:
12. Thereafter, SLP (Civil) Diary No(s). 32354/2022 titled "Oasis Techno Constructions Ltd. v. The Managing Director, National Highway and Infrastructure Development Corporation Ltd." was preferred against the above order of the Guwahati High Court directing that Oasis Techno Construction Ltd. shall deposit 10% of the contract amount by 30th November, 2022. Vide order dated 12th October, 2022, the Supreme Court directed as under:
(a) The appellant shall deposit 10% of the contract amount as indicated in paragraph 11 with the National Highway and Infrastructure Development Corporation Limited (NHIDCL) on or before 30.11.2022. The NHIDCL shall keep the amount in an interest bearing fixed deposit account in a nationalized Bank with auto renewal facility.
With these directions, the instant special leave petition and pending applications are disposed of."
13. In addition, a Section 9 petition was also filed before this Court, by the Appellant being O.M.P. (I) (COMM) 352/2022 titled M/s Oasis Projects Limited v. Managing Director, National Highway and Infrastructure Development Corporation Limited, wherein, interim relief sought was rejected in view of the observations made by the Guwahati High Court on 28th September, 2022. The observations of the ld. Single Judge dealing with the Section 9 petition on 1st December, 2022, are set out hereinbelow: -