Pursuant thereto, an Engineering, Procurement and Construction
Agreement dated 09.10.2020 ("EPC Contract") came to be executed
between the parties. In terms of Clause ... EPC Contract, the
petitioner was required to furnish a performance security/bank guarantee of
approximately ₹12,00,00,000/- (Rupees Twelve Crore only). Article
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Award ("LOA") dated 31.01.2017, Defendant No. 2
awarded a contract to the Plaintiff for the execution of works comprising
Earthwork, Granular Sub-Base ... agreed inter se that the Engineering, Procurement and
Construction (EPC) contract would be amended so as to substitute
Defendant No. 2 with Defendant
lines does not constitute closure of the contract or the completion of
execution of the contract(s).
As per Taking Over Certificate (TOC) dated ... dated
04/08/2025. Further, KEC being a regular EPC contractor is aware that contract
is considered closed only when all the Contract Closing Proformas
