against the Appellant
is therefore justified.
(h) On the encashment of bank guarantee reliance is placed on
this Tribunal's judgment in Kochi Salem ... above project milestones
shall lead to revocation of the Specific Performance Bond
Bank Guarantee.
The period of exclusivity shall start from the date of
issue
Procedure, (1) any action already
initiated for revocation of Stage-ll Connectivity or encashment of Bank
Guarantee prior to the issue of this Procedure shall ... revised Procedure; (2) any action including revocation of Stage-ll
Connectivity or encashment of Bank Guarantee initiated after the issue of
this Procedure shall
Procedure,
(1) Any action already initiated for revocation of Stage-II
Connectivity or encashment of Bank Guarantee prior to
the issue of this Procedure shall ... revised Procedure.
(2) Any action including revocation of Stage-II
Connectivity or encashment of Bank Guarantee initiated
after the issue of this Procedure shall
time
of submission of bid, the Appellant had executed a bank guarantee
of Rs. 6 cores on IDBI bank as bid bond and this ... Respondents
issued communication dated 29.02.2012 to IDBI bank for
revocation of the said bank guarantee.
j) As the matter in dispute required examination
Central
Commission has directed the Respondent no. 2 to encash the bank
Guarantee.
Page 14 of 18
Judgment of Appeal ... clause 9.3.2 and 11.2 were highlighted
wherein clause 9.3.2 provides for revocation of Connectivity where as
failure to comply with the condition as specified under
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APPEAL
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