M/S. Shapoorji Pallonji ... vs Central Transmission Utility Of India ... on 18 March, 2024
None of the judgments, in the long list of cases where
Courts/Tribunals were called upon to exercise restraint against
interference with invocation of bank guarantees (ie in (1) U.P.
Cooperative Federation Ltd. v. Singh Consultants and Engineers (P)
Ltd., (1988) 1 SCC 174; (2) United Commercial Bank v. Bank of
India, (1981) 2 SCC 766; (3) Dwarikesh Sugar Industries Ltd. v. Prem
Heavy Engineerings Works (P) Ltd., (1997) 6 SCC 450; (4) SBI v. Mula
Sahakari Sakhar Karkhana Ltd., (2006) 6 SCC 293; (5) State of
Maharashtra v. National Construction Company, Bombay (1996) 1
SCC 735; (6) Ansal Engineering Projects Ltd. v. Tehri Hydro
Development Corporation Ltd. (1996) 5 SCC 450; (7) BSES
Ltd. v. Fenner India Ltd., (2006) 2 SCC 728; (8) Gujarat Maritime
Board v. L&T Infrastructure Development Projects Ltd. (2016) 10
SCC 46; (9) Vinitec Electronics Private Ltd. v. HCL Infosystems
Ltd., (2008) 1 SCC 544; (10) Adani Agri Fresh v. Mehboob
Sharif, (2016) 14 SCC 517; (11) Himadri Chemicals Industries
Ltd. v. Coal Tar Refining Co., (2007) 8 SCC 110; (12) A.P. Pollution
Control Board v. CCL Products (India) Ltd., (2019) 20 SCC 669;
(13)Standard Chartered Bank v. Heavy Engg. Corpn. Ltd., (2020) 13
SCC 574, and (14) U.P. State Sugar Corpn. v. Sumac International
Ltd) were even brought to the notice of this Tribunal in 'Vaayu
Renewable Energy (Kaveri) Put.