payment, down payment, bank guarantee and performance
bank guarantee. FGIPL issued Down Payment Bank Guarantee and
Performance Bank Guarantee in favour of TCTPL in respect ... party in whose favour guarantee was given and
the party on whose behalf guarantee was given," and
the guarantee also stipulated that the bank
payment, down payment, bank guarantee and performance
bank guarantee. FGIPL issued Down Payment Bank Guarantee and
Performance Bank Guarantee in favour of TCTPL in respect ... party in whose favour guarantee was given and
the party on whose behalf guarantee was given," and
the guarantee also stipulated that the bank
payment, down payment, bank guarantee and performance
bank guarantee. FGIPL issued Down Payment Bank Guarantee and
Performance Bank Guarantee in favour of TCTPL in respect ... party in whose favour guarantee was given and
the party on whose behalf guarantee was given," and
the guarantee also stipulated that the bank
2010 Page 1 of 60
encashing Advance Payment Guarantee-1, Advance
Payment Guarantee-2 and the Performance Bank Guarantee
from the Defendant ... null and void and shall be
returned to the Contractor.
27.2 Performance guarantee. To secure the proper
performance of the Contract the Contractor shall, upon
necessary Performance Bank
Guarantee and Advance Payment Guarantee in terms of
the Contract."
Relevant Portion of Bank Guarantee
"By a Contract dated ... guarantee, the
Bank Guarantee is to be returned for cancellation once purpose of
the bank guarantee was fulfilled. The purpose of the bank guarantee
terminated and forfeited the Earnest Money Deposit, Bank
Guarantee and Performance Guarantee to the tune of Rs.3,08,93,889.65
(Rupees three crores eight ... Acceptance (LOA) dated 02.06.2020, thereby directed the petitioner to
deposit Performance Guarantee before signing of the contract agreement which
the petitioner had complied with
equivalent to 5% of the total contract value, as
Performance Guarantee on behalf of Petitioner No. 1.
6. Simultaneously, the Petitioners and the Respondent were ... precise amount
by the BSEB, for which the undated cheque as Performance Guarantee, was
issued by the Petitioner on 20.12.2012, in regard to this
This Letter of Acceptance further stipulated that upon submission of required performance guarantee and finalization of interview of key personnel by an expert committee ... performance security are of more than Rs.7 lakhs and the petitioner while submitting the performance security eventually on 05.08.2024 by way of bank guarantee
Performance Security-The Licensee shall have to deposit
a performance security of Rs. 50,000,00/-(Rupees Fifty Lakhs
Only)in form of Bank Guarantee ... order dated 25.11.2013, there is
no reference to forfeiture of the performance guarantee amount of ₹50
Lakhs. Upon the receipt of the order dated
respect of any action relating to furnishing of performance
security and additional performance guarantee, it is seen that no cause of action
has arisen ... Assam, Nagaland and Arunachal
Pradesh. The receipt of the performance security and additional performance
guarantee was to be effected at New Delhi. Only thereafter, contract
