{"id":374780,"date":"2020-09-23T10:30:37","date_gmt":"2020-09-23T05:00:37","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=374780"},"modified":"2020-09-23T10:53:43","modified_gmt":"2020-09-23T05:23:43","slug":"hc-dismisses-plea-by-hccs-invocation-of-bank-guarantee-by-nhpc-worth-%e2%82%b9214-cr","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/hc-dismisses-plea-by-hccs-invocation-of-bank-guarantee-by-nhpc-worth-%e2%82%b9214-cr\/","title":{"rendered":"HC dismisses plea by HCC&#8217;s invocation of bank guarantee by NHPC worth \u20b9214 cr"},"content":{"rendered":"<p>NEW DELHI : The Delhi High Court on Tuesday dismissed an appeal filed by Hindustan Construction Co. Limited (HCC) against a single-judge bench order, seeking an injunction restraining National Hydro-Electric Power Corporation Limited from invoking or encashing any or all of its bank guarantees cumulatively worth \u20b9214.36 crore.<\/p>\n<p>\u201cIn other words, encashment of the unconditional BGs will not result in irretrievable injury to the appellant\/HCC requiring this Court to take a view different from the very well considered view taken by the learned Single Judge. The appeal is dismissed as being devoid of merit,&#8221; the judgment reads.<\/p>\n<p>NHPC being a Public Sector Undertaking involved in the setting up of and execution of hydro-electric power projects in India, invited bids in 2006 from pre-qualified bidders for turnkey execution of the 330 MW hydro-electric power plant on the Kishanganga River in Bandipora, Jammu and Kashmir.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI : The Delhi High Court on Tuesday dismissed an appeal filed by Hindustan Construction Co. Limited (HCC) against a single-judge bench order, seeking an injunction restraining National Hydro-Electric Power Corporation Limited from invoking or encashing any or all of its bank guarantees cumulatively worth \u20b9214.36 crore. \u201cIn other words, encashment of the unconditional BGs will not result in irretrievable injury to the appellant\/HCC requiring this Court to take a view different from the very well considered view taken by the learned Single Judge. The appeal is dismissed as being devoid of merit,&#8221; the judgment reads. NHPC being a [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-374780","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/374780","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=374780"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/374780\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=374780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=374780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=374780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}